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February 9, 2010

Two Huge Steps for Goldbug-Kind

Tuesday's action provided two huge steps toward confirmation of our anticipated outcome. Most importantly, the Dollar Index formed a daily swing high. Since the DX is on Day 18 of the cycle, we are already in the timing band for a daily cycle low. However, given that this swing high should support stocks in their move out of not only an intermediate cycle low, but a yearly one also, it is reasonable to expect ...

 

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