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Friday, November 20, 2009

A Coin Toss

The markets are pushing into a decision on direction based on longer term trend lines.
So is the market about to go down like a cheap hooker? Or rocket higher?

Its all about the USD valuation, and the devaluation game to get the markets to go higher can continue, but not forever. USD is at about 75 on the charts, somewhere between 65 and 25 would trigger a panic and collapse of the USD. That won't be good for stocks.

From market index perspective, this chart says it all. I am short the market, but not with heavy conviction. If we are significantly lower into Wednesday, I will probably cover a bit in anticipation of black friday doing better than expected.

From WebSufinMurfs FinancialBlog2

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