With the cyclical nature of the dollar lately I'm concerned that unless we get a strong surge started soon it may dip lower into the next low cycle target zone which would unhinge my deflation trades in oil, gold, basic materials etc. I've scribbled over the chart below highlighting the recent short term cyclical behavior. The other thing I noticed is the crude oil chart has a short term bullish diverged RSI.
Wednesday, July 1, 2009
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