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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (91073)	3/26/2017 6:58:26 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218498

The dollar is now near term oversold, so I would expect to see a possible bounce now, and that would more than likely take gold lower and maybe even stocks higher for now... but regarding the dollar, only a relief bounce before new lows are attacked and made... the June dollar closing at 99.44 on Friday, I suspect after a recovery bounce that the dollar will be moving toward the 92.00 level before another major rally could occur... this is not a target, I don't like targets, but 92.00 would certainly be a reasonable place for a respectable low to be made... Of course, this is just looking at the charts, but it's always fun to take hunches and if they're right, then a few bucks can be made on those hunches, as well... Here's a monthly chart of the banking index, notice the outside month we just now completed... this is not bullish near term... GZ