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Friday, November 13, 2009

Dollar Update


Here is a mid-day update on the only chart that seems to matter, the U.S. Dollar index. After another in a long series of bounces, we are headed back down again. The areas highlighted in yellow was supposed to be support; instead of bouncing off it we gapped below it. Just below 75 is an area of support that had better hold, because there isn't much below it.

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