The MOTHER of all BEARTRAPS US$ index @ 77.59 new low no sign of recovery; is 1.60 against the Euro again in sight. Both the Dow and the S&P now at or around 50% of the 2008 high&low; fibonaci @66% should prove testing grounds. With this speed (1% rise per day ) this should be reached in less then a week. In those up and coming weeks I view volatility of the coin formerly known as the US$ as a prelude, just like in 2008.
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