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Friday, February 18, 2011

E-minis [Update 2:18PM]

[Update 2:18PM: Fibonacci watch:
[Update 12:52PM: And here is that long tern gold count again.]
[Update 12:26PM: Best count for now for the dollar. A protracted down move here could cause gold to make its wave 5 of (5) of [5] high and an equity market spike. In other words, all markets getting out of hand. And if your a bull and think this is a "good thing" well you might get more than you can wish for. An out-of control rise in spike in equities even as the weekly RSI is overbought at 76.26 does not mean its "all good and normal" and think then you can ride out a long divergence period with still rising prices. Maybe it happens, maybe not.

But things are getting weird.
The 4 hour MACD history looks tired again.
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