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Published 09/02/2010 - 2:55 p.m. EST

The likelihood for a continued slide in the US Dollar Basket after price broke the 83.00 level early on in the Wednesday session, is going to be challenged by the support between 82.53 and 81.95 (F). This area is the Autochartist Forecast from the Triangle breakdown through 82.94 on the 240-minute time frame. The initial follow-through lower was slow but the sell-off came suddenly despite a weak pierce of the pattern that registered only a two-bar Breakout reading. The US Dollar Basket weakness was later accelerated by the large gains in US equities pre-market and throughout the entire session.
Published 09/01/2010 - 11:32 a.m. EST

The congestion in the U.S. Tech 100 index started at the beginning of Tuesday’s lunchtime doldrums and extended through the session’s close. This put the index within the range from 1781.75 to 1755.25 and helped form a Triangle pattern on the 60-minute timeframe.
 
Published 08/18/2010 - 12:08 p.m. EST

While the daily chart of the US SPX500 continues to trade within a wide and volatile range of a distribution market cycle, there are some early signs that the daily has once again found the bottom of the range and is ready to rally higher. This potential reversal can be taken by watching for a floor, however, a more prudent confirmation would be to wait for momentum higher.
Published 08/18/2010 - 12:07 p.m. EST

After trending higher over the past ten days, the US Dollar Basket is beginning to show signs of profit taking, as well as a sustained reversal of the intraday uptrend. While the daily time frame shows that the bounce has transitioned the overall downtrend to a more neutral market cycle, the resumption of bearish sentiment is close to confirming this. The intraday market sentiment could shift in the US Dollar Basket and can break 8240.
 
Published 08/16/2010 - 12:44 p.m. EST

After breaking down through Channel Up support at 10565 (E), the Dow Jones Industrial Average has traded lower to the Forecast Support between 10373 and 10137 (F) on the 240-minute time frame. This area is containing current intraday movement and could be the base from which a correction higher begins. By looking at a shorter time frame, the support within the Forecast area may reveal where a bounce could occur.
Published 09/02/2010 - 2:55 p.m. EST
The likelihood for a continued slide in the US Dollar Basket after price broke the 83.00 level early on in the Wednesday session, is going to be challenged...
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