Thursday, October 7, 2010

US Dollar Possible Turn: Effect on Equities

The US dollar has reached a .786 retracement of w. (1) and has turned. With sentiment below the levels seen at the 2009 lows, it's reasonable to expect that the dollar has made it's w.2 bottom. As previously noted in my posts, I believe that the market's are moving in a "all in one" fashion. Meaning, as the dollar goes, so does the market.  Sell programs across the board right now. 
Best of Trading

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