Monday, July 20, 2009

Dollar Index Flashing Yellow Flag (Chart)


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The Dollar Index is approaching its near term low of 78.34 made back in June, and 77.68 in December. This should bring a note of caution to stock traders.

Back in March, a breakdown in the DI signaled a big break in the stock market. Will history repeat itself?

The DI traded down to 70.69 in March.

Dollar Index Weekly Chart

Dollar Index Weekly Chart 720


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