Wednesday, May 4, 2011

5/4 10:30

The dollar 5th down will happen quickly once it starts,  2 days to 72.20.  The risk trade has enjoyed a long run, but once the dollar bottoms all the risk markets will turn down.
The next big event in the stock market is taking out the critical M/A envelope, DJI 5-minute, 370-unit -1.35%.  This is currently 12,580.

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