Tuesday, November 9, 2010

US dollar pushes indexes down

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Dollar goes up, indexes go down. This is going to be third positive session in a row on US Dollar. If the dollar keeps positive ground, there is a possibility the indexes could be come more bearish.

My technical analysis continue to be bearish. Money flow on 30-min and hourly charts became negative. we may see start of increase in bearish volume. Looks like today's decline starts to make some worries.

If the indexes continue their decline the odds could be good to have negative session tomorrow as well.

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