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Date: 2007-12-28 07:08 pm (UTC)Oh, also, note that this is not technical trading advice because technical trading is reading tea leaves - meaning in the charitable sense an obtuse way to gauge market psychology - but if I'm reading these (not good enough for my tastes) charts correctly, the dollar has just fallen below the 50-day moving average, which was the last MA support it had. And if I understand the terminology correctly, the moving averages have also set up what's called a "death cross," which means the 50-day, which had been above the 100- and 200-day MAs, is now below it, which actually is I think reasonably indicative of market opinion.