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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Davy Crockett who wrote (18217)5/19/2016 2:17:39 AM
From: John Pitera2 Recommendations

Recommended By
roguedolphin
sixty2nds

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I agree with you Davy... gold had a nasty break the past 2 days.... the commodity currencies, the AUD and CAD have been selling off since a bit before the USD low last week.

Copper is weak and looks to get weaker. Has Crude stopped going up? I'm watching that.

It really goes back to what is happening to the USD.
what has worked for me has not been US equity indicies....no

but I have had a feel for the AUD, CAD getting overbought a couple of weeks ago. I am also a little short of EUR/USD. not with as much conviction



I did pick up on the widespread concern of a USD breakdown and the sentiment read to me that the USD did a false break down for those looking at the simple chart levels.

copper is trading down below it's 2.065 level and is threatening to weaken further.


I have been seeing the USD strength for several days.

Message 30577737

thanks for your thoughts Davy.

John
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