Tuesday, September 8, 2009

Dollar - Fullfills Ending Diagonal...

Market rally is a trap...Euro topped. Perhaps we can get a little throw over...but essentially the EURO is done and the Dollar has bottomed. Stock market prices should be a lot higher given the dollar weakness and DX should be confirming DXY prices.

Also, DXU09 is not confirming DXY price. usually the spread is 9 cents...now its over 25 cents.
[update: 9:23 am DX 77.5 DXY 77.19 = 31 cents spread - lower 2 - 4 line target for DXY is 76.7]

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