Wednesday, October 27, 2010

Dollar Index



The US Dollar index is trading around multi decade lows. It is forming a "L-formation" at the 70 level. Note the high of the reaction goes to the exact fib 38% line. If the Dollar breaks below 70, the first target is a 70% wave projection of 55. The final target would be 40 by 2015. If it does break below 70, BUY GOLD.

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