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November 28, 2010

Convergences

With Friday's decisive move above the DX 80 pivot by the buck, it's safe to say the vigor of the dollar's rally out of its November low has taken most traders by surprise (except for readers of a certain prestigious and enlightened newsletter, of course). We should now turn our attention to just how far this rally may run in both time and price. Our daily chart contains an interesting convergence of ...

 

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