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Strategies & Market Trends : The coming US dollar crisis
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To: Secret_Agent_Man who wrote (16285)1/16/2009 5:40:18 AM
From: RockyBalboa  Read Replies (2) of 71454
 
For the first time I see a sell signal and another confirming one very close - in the JPY/USD...
It broke the neck (at .011) and the next at .010950 in sight. Could be some safe travel .04 cents down.

Of course markets are jittery and that stuff is notoriously putting in "goodbye kisses". Some Treasury Bonds are too strong and recovered too much for my taste.

( I gave it a try and hit the EUR/JPY. There´s a lot of resistance overhead and bonds putting some toll on the trade as well as the lower rate differential).
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