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Friday, May 22, 2009

LIKING THE BUS FOR A TECHNICAL BOUNCE HERE

1:07am
uup daily

locked in a bucket load of antipodean pips today. so gonna go ahead and bite on just the possible wedge into support (personal long dollar weapon of choice is to sell eur/usd standard lots at 100:1)



negative correlation with equities is not 100%, and was off thurs





eur/usd daily



short the euro on stoch 90+








spy daily


you've likely heard your fill tonight of this double top threat. i'll only add that it could also be a range trade setting up or possibly the start of a gradual lower high/lower low sequence. or my fav, an old fashioned clown shakeout

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