Wednesday, August 13, 2008
Uptrend line still hold
8/13/08
S&P index and Dow are both holding the uptrend line good. Nasdaq is even better. So, markets are still going up unless the trendline got broken. Of course, XLF financial is major boost for market to carry on. Worth to tell that GBP/USD that britain pounds is falling over 700pips since last friday. US dollar is very close to touch weekly downtrend line where built from year 2005. I believe US dollar is already out of the deathbed and is about to make its turn from now.
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