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Thursday, October 1, 2009

Keeping an eye on US dollar

As previously blogged, the USD falling was a primary driver to provide leverage for the US stock market to rise from 666 to 1080. I wish I had that revelation at 666, since it would have helped me to not start shorting SPX at 930. But at 1080, the market topped (so far), and that has coincided with the USD gaining strength.

I'll try to use a "3 month" view of USD for any commentary/updates of USD, now that we have seemingly established a USD valuation low. Click here to see real time charts, as of today, the USD 3 month chart is below.
From WebSurfinMurf's Financial Blog

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