Tuesday, December 8, 2009

THE DAY the US$ broke out.......

  1. Trendline break out
  2. 50 day Moving average break out
  3. confirmation of the 2 closes above the 50MA

This is big, because it could mean the 1. round of short covering in the US$. Given the direct high inverse correlation with the risk trade this could mean that some TURBULENCES are ahead.

Just see what is happening to GOLD, OIL etc.

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