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USD falling

The stock market has been given a boost with USD falling as it has a inverse co-relationship. Meaning equity and currency move in reverse order. Do watch out for USD breaking the trend line to confluence with the market hitting the top. The important levels to look out for will be the purple arrow. The move down is really fast and of cos the rebound will be equally as fast. One hand it look like a double top, another it might form a triple bottom. What a headache!

2010Sep-US Dollar-800x600

USD moving down is good for equity

Do look out for trendline as possible support if the down line is broken. Seems like Obama is really looking into cutting down all the trees to print money. Imagine your money become smaller and smaller. Anyway I got a feeling that Gartley pattern can be use for this trade.

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