Wed March 23

US Dollar strength returns.

EURUSD short 1.4158

NZDUSD short 0.7389 [closed 1.7408]

Very choppy with mixed signals. When equity downtrend gets
established, signals should be clearer due to increased market
consensus.

AUDUSD long 1.0109 [closed 1.0101]

Buying support strengthens and short squeeze is possible.
Last DOW futures price 11,983

The buying support returns yet again …

EURUSD short 1.4173 [closed 1.4180]

DOW/S&P500 daily and weekly charts are not bullish – longs please
be careful. FTSE and DAX 8 hr charts show rising wedge. (bearish)

‘I’m sticking with my Feb 22 call that the DOW top on Feb 18 2011
signals the end of the rally. The very overdue Wile E. Coyote
correction has arrived and a substantial leg down has begun’

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I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

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