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Monday, June 28, 2010

Sentiment not favorable to Buba Weber Dollar Strength


First off I am not jumping in after missing this run downward.  Of note is that the 4Hour is still pinching showing that there is more pressure to be built up before the 4 hour will break. 

All is now showing toward a short.  We still are not going to get a prediction from the daily till Tuesday Wednesday. But we can glean something from the 4 Hour.


Our short entry is between 1.2261 and 1.2230. In the recent past there has been support around 1.2252 and 1.2240.  and note that our last bottom was 1.2208 on the 6/23.

We show targets at
1.2180 (2188 would be safer)
1.2100 (2112 would be safer
1.2019 outside 1.1988 there will be certainly retrace/consolidation before this unless there is another melt down.

I do not see breaking to the upside for at least 24 hours so I am not even looking that way.
Posted by at 12:40 PM

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