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Wednesday, June 3, 2009

Oil and market update

Oil finished wave A up and is preparing for a move down to the 50/5 area. We still have the target of 78/80 til end of Aug but we have entered wave B down now.
Stocks are also topping out this week and should enter a sell off the next days as well. NDX needs to make one higher high though to yesterdays still.
The Dollar is in sink with the other markets and from the Dollar Index to the EUR we are turning around this week.

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