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Wednesday, July 22, 2009


USD is in a bottoming phase... from the graph I expect a low around 75.xx's for DXU. After which either a bull market in US Dollar starts (in case it's wave 3) or a big rebound that should take us to relative highs.

Regardless we can expect a very large move... under this scenario, mid term EURUSD would go below 1.20

Silver is the same thing... but opportunity is on the short side.

The graph is not updated but we are now most likely under wave b of W2. The target area for a probable top is around the 14.40$ area in which shorting there is a good idea since the preceding wave will be a 3, so we'll want to be in... Ultimately silver should drop to under 8$ an ounce.

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