Dollar ain't goin' nowhere!

In the last post I said that I would try to find charts, do some reading, and basically look for opinions that went against what I think will happen starting tonight.

Well, I just took a look at the S+P with the 10, 21, and 50 day MA's. If we relive history, the Dollar will probably benefit. It's almost too perfect: this last rise in equities coincided exactly with the drop in the Greenback. (clicking on the chart gives you a clearer view):



As I said before, the Sterling is trading higher then it was before they announced ther quant. easing plan and there's no reason to think that the same scenario could not exist for the Greenback.