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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (17227)	8/29/2015 7:59:26 PM
From: Hawkmoon	Respond to of 33421

John, given the potential for China and Saudi Arabia's selling off a good part of their US Treasuries, thereby forcing interest rates to rise, do you think that could motivate the DXY to make a move towards 120+..? I saw a chart somewhere last year, that showed the DXY was at 160 (equivalent) back in 1984.. Such as been the effort to devalue the USD ever since.. Personally, I think we're going to see 120.. Just not sure when.. Btw, the PnF on the DXY is suggesting a Bear Trap is underway... stockcharts.com Hawk