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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (76094)7/23/2007 6:45:03 AM
From: Real Man  Read Replies (2) of 94695
 
Yes, 78-80 is very important support, and we are still above
that. Plenty of LT support in that area, on ppp basis dollar
may be ridiculously low against the Euro. So, no worries until
we actually see a breakdown -g- Note that the trade deficit
is finally improving a bit. Whatever forces that held the
dollar together despite record high trade deficit could move
it higher, short term or intermediate term. Not saying it will
happen, just that we are still above the important support
level, and it is support after all -g- Hell will likely break
loose if we break it, that's a possibility as well, but I
would not rule out a move up in the dollar even from as low
as 78.

321gold.com
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