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June 6, 2013

Clarity Creeps In

The dollar index got blown out today with a massive one-point drop which formed a failed daily cycle while testing its 200DMA. Think about the implications for a moment. The dollar just failed its first daily cycle within a new intermediate cycle. Sitting on a Week 5 count and with not only expectations for a long intermediate cycle to form but also for that cycle to constitute a yearly cycle decline, we are potentially facing ...


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