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Line In The Sand

Line In The Sand

by The MoleApril 9, 2009

UPDATE 11:44am EDT: I’m about to grab breakfast but wanted to share this chart with you since many rats are jumping into FX related trades:

This is a major line in the sand for the DXY – if we breach it then further upside (and much of it) is almost assured. Admittedly, the count on this sucker has been difficult as of late – no wonder when we have Big Ben spend hundreds of Billions buying the medium/long end of the treasury market.

Anyway, set an alert and if it gets hit just roll with it.

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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