Thursday, August 07, 2008

Daily Charts




The US dollar has rallied hard against all the other major currencies this week. Gold is around 875 and Crude Oil is hovering around $120. It seems the bullishness in the US dollar has helped support a bounce in US stocks and a drop in commodities. I'm remaining neutral / bullish on Stocks until the Euro bounces. At these levels, I'm watching Gold closely for a bounce.

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