The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: westpacific	2/28/2011 10:36:25 AM
	3 Recommendations Read Replies (2) of 71456

Over the weekend a very hot trader is seeing a Major Top in by June; and this is based on data back into the early 80s. On the three candle reversal top weekly put in over the past month on the weekly SPX; wondering if we now see the head of this topping pattern rollover and then develop a right shoulder into the above time frame... A three month topping out process. So we should see a selloff in the coming month, 1040 into 1131 area, into a bounce and then a two month grind sideways holding into this range ahead of the final breakdown and resumption of the bear market... This market is running out of steam and should show over the coming few months...risks are very high at the moment going into this period. Will have a more indepth update, with some interesting takes when I can get to it this week along with a chart or two. Armstrong Cycle data, Economic Confidence Cycle, also has June as a major turn point fyi. The FED has created insane inflation and all it has done is to inflate things they cannot afford inflated!!!! Energy; Food; Metals....they simply are running out of cards! Bonds will crash if they continue! West

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