Using Simple Charts to Identify and Profit from Long Term Trends.
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29 August 2009
Benchmarks : Weekly Update
USD Index : Downtrend intact but pace of decline losing steam and possible sideways consolidation to follow. Would not rule out base forming around current levels.
US10YY: Suspected triangle forming nicely now. Either stay out or sell TY near to 3.40%.
S&P500 : Still uptrend.
Gold : Advanced triangle. Need to breakout soon or else would question validity of triangle/measured objectives if we were to breakout by default due to approaching apex.
USD Index : Downtrend intact but pace of decline losing steam and possible sideways consolidation to follow. Would not rule out base forming around current levels.
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