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Message: The Dollar Falls Out of Bed

Technical word of caution. Dollar is in a falling wedge (marked in red) with the end point around .72 - near very strong support at the all time low. 80% of the time falling wedges produce a strong bounce. If/when the downtrend line from June 2010 is broken, it should rally. This would be the catalyst for an intermediate term pullback for commodities and probably the general market as well. Could be a month away, but with the quick drop, it may happen much sooner.

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