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#1 gannman

gannman

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Posted 13 August 2011 - 09:38 PM

i was looking at a long term chart of the dollar. it started to decline in 01 and bottomed in early 08. it seems like we did a .38 retrace which topped in june of this year. the implications are that we could be starting a wave 3 decline in the dollar. this could get truly interesting here with implications for everything. are we about to start an uncontrolled slide in the dollar. i dont know but the chart of the dollar to me sucks i dont see any large rally coming here. your thoughts are appreciated. g
feeling mellow with the yellow metal