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Commodity Trading Discussion Forum

Re: Tim Geitner's Proposed New Regulations

Posted By: hunter
Date: Tuesday, 3 November 2009, at 5:34 p.m.

In Response To: Re: Tim Geitner's Proposed New Regulations (Bill Ward)

DX did a 5 waves on the daily. The retrace from today's high is a zigzag that has a potential to much lower prices. Once it is done with the zig zag the next move up is much, much higher than today's high. The zigzag in the daily could last till next week. The only way the outside or higher price can be negated is by the DX moving below the 75.085 low (continues contract).
Once the next up move starts, it is going to be a faster pace than what we have seeing lately.

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