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Monday, March 8, 2010


For the bull side of things, holding (consolidating) between the purple lines is paramount (in my opinion - otherwise reversing back down through the lower line would indicate exhaustion). For the bear side, if the lower purple support pivot can be broken this week on good down volume, the bigger bear case will be revitalized.
The dollar may be starting to advance finally for a Minor 5 wave up (if thats what it is).  The [i] up looks impulsive with a nice sharp internal wave (ii) and a sideways (iv).
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