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May 10, 2014

Point of Perplexion

After nearly three years of whipsaw action producing strong reversals at moments least expected, I suppose I should not be too surprised by the sudden one-point rally by the Dollar Index. To be fair, I was looking for the DX to form a daily cycle low off the DX 79 pivot, and so this reversal played directly into expectations. But I am nevertheless surprised by ...

 

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