Broker Trend?

[fx1]

Hello

I can see that we are close to breaking below the rising trend line that starts at the 193.60ish low and up through the 195.08 low and terminating just below the 4 hour support at 197.70.

This makes me tend to agree with you that we have not had an impluse move up but that we are still in the corrective W.3 down from 251.10=0, 219.27=W.1, 241.37=W.2 and now looking for a bottom for W.3 projected to be below 190. But we will need bad news and downside catalysts to take it down.

Doppy has broken below a key support level of .9930 and now should head down lower. This coupled with the dovish comments by King this morning, I see nothing but the floor coming more and more in focus.

Hopefully we don't hit the floor with a big bad thud!

Jay