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Friday, February 11, 2011

Friday Updates!!!

The Dollar did make a minor higher high this morning breaking above Monday's high of $78.44, this is a good sign for the buck as long as it can continue making higher highs. The Dollar needs to stay above Wednesday's low of $77.58 for the uptrend, other-wise a break below here opens the door for further declines.
This is very interesting, yesterday BDI started showing signs of life, with the indicators rolling over to a buy from extreme over-sold territory. The interesting part, BDI has been trending inverse to the major indexes for the last six months.
Click here for a live and updated chart!!!
Looking for an impulse wave wave to finish off this 5th now, so far this morning the wave structure does suggest that the 5th is underway. The original target of 1342 is still on the table, and looking very possible.

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