We were stopped out of the short side of our IAU GLD hedge, namely IAU @ 90.50 on Feb. 7-th. With a head and shoulders building on GLD we don't want to take any chances, so we are putting a stop @ 90.50, but will aggressively short IAU on a break back below 90. On both the daily and weekly charts the stochastics are over 80. Heap on top of this the fact that merchants in New York are accepting Euros says it's time for a dollar rally.
Daily
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=gld&sid=0&o_symb=gld&freq=1&time=8&x=35&y=17
Weekly
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=ung&time=8&freq=1
Euros
http://www.reuters.com/article/domesticNews/idUSN0655798320080206
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