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Tuesday, July 21, 2009

Converging trend lines often show the timing without the target. I expect a definitive move before the close.

With just 45 minutes left on the day, I'm less and less committed to my earlier count.
The chart above depicts what is likely happening..This chart above is FAZ with an RUI overlay. Notice how FAZ is holding its value against a rising market. The correction is even more apparent here.

Analysis presented on this blog has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.

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