The Fred Report - Mid Week Update November 17, 2010
Ingredients are set for a rally, and we would like to see a down open followed by a rally to signal this. Accumulation models for commodities suggest this sell off has gone too far, and we look for rallies here as well. We conclude that the primary trend on the dollar is down, and this gives added impetus to our expectation that this is a rally in downtrend.
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