The Fred Report - Weekly February 16, 2010

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Ideally, February should close in the 1050 to 1030 (possibly as low as 1020) area, which would set us up for a fairly strong March.  We continue to like the gold market, and are waiting for the weekly stochastics to fall a little more before we add back our ½ position.  There are indications that there will be a reversal in the currencies – with the Euro starting an advance and the Yen falling off a bit.

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