Elliott Wave - Dollar Index (Daily) - 29 Nov 10

     This post continues a brief series on the U.S. Dollar Index. The question asked yesterday was whether an elliott wave Flat pattern ended at the November 2010 low. It certainly looks like it did. I can count a five wave impulse pattern for wave 'C' of the Flat and there was bullish divergence in the RSI Index at the low.
     The implication is that a new upward moving wave pattern began at the November 10 low. I will conclude this series tomorrow by looking at that action.