
Posted: June 10th, 2009
Author: Mike Korell
Filed under: One-Day Market Map Comments to ChartsEdge »
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Thanks once again, Mike and ChartsEdge!
Today we see the dollar and bonds getting pushed down again, and dollar weakness is correlating with higher oil and equities. That drop in the dollar yesterday would have been difficult to trigger over in one day anyway, but we'll have to see if there's a loss of support for the dollar (and bonds), and without making assumptions about them, either way. We are close to numbers we've been working with in these markets, and it's "Weird Wollie Wednesday" so it's as important as ever to view the action objectively and let the charts speak for themselves.
Good luck and be careful out there - and happy market navigating, all!
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