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April 15, 2012

Alternate Realities

The dollar posted another meaningless whipsaw on Friday as we await a committed move from the daily cycle. We need to see either a move above the 5-Apr high or below the 3-Apr low. The former development would see the cycle posting a new high on Day 8 or later, strongly suggesting the daily cycle will form as right-translated. This path would also keep pressure on stocks and potentially ...

 

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