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#8344 (permalink)

08-08-2008, 09:06 AM

Terri Belkas Terri Belkas is offline

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Join Date: Jan 2007

Posts: 806

I haven't really seen any mention of this, but the $ Index broke above a rising trendline that connected the March, May, and June highs this morning. I think this is a really critical breakout, and the index looks to be targeting a major falling trendline that dates back to late-2005. As a result, I'd be hesitant to try catching bottoms in the dollar quite yet.

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