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December 15, 2010

Headwinds Accelerate

Something finally changed. The dollar launched out of yesterday's bullish reversal, sending an unambiguous signal that December 14 marked a daily cycle low rather than December 3. As suspected, the action over the last week was nothing but loud static designed to get traders on the wrong side of the market before the intermediate corrections kicked in. We now face a strong likelihood that both ...

 

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