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Friday, November 20, 2009

Rolling over?

S&P rolling over?

 For the first time since the bottom at 1030's a few weeks back, we now have a sell signal. Let's see how this one develops.

Meanwhile the dollar is strengthening. Today there was a glitch shooting the USD Index up almost 10%. I wished it were true I'd be up like 200% in a blink of an eye eheheh...
Anyways, here too the bottom seems to be rolling up.

A lot of divergences going on, extreme bearishness from the public and market participants, and also the EW count calls for a move up. As you know I am expecting a big rally for USD, maybe as strong as +50% on the Index.

Of course, although I'm very bullish on the dollar I will only start buying once it passes through the 76 area or whenever I get a signal from my systems (which on the short term I already am long the dollar).
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