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Non-Tech : The Woodshed
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To: nspolar who wrote (5841)5/4/2004 12:25:37 AM
From: steve from ihub  Read Replies (1) of 60903
 
imo the dollar is riding above its 13 ema on daily chart. that is a very simple rule of thumb i use for bull or bear trends. as long as it stays above that it is poised to ramp hihger. tommorrow is super key with the fed meeting. it could blast past the recent congestion in the 91.5 range and hit 92 sending pog into the toilet. like i said over the weekend in the pm's that we exchanged, the xau needs to bust a 4-5% move early in the week or it takes another dump to fresh lows. monday is history and it didnt do a whole lot. granted it finsihed above its lows which is a pleasant suprise, but imo its time to bust a move or break the bulls backs.
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