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Wednesday, May 25, 2011

Lunch Analysis

Same holding patterns since Monday's big open.  The Euro is still in a Pennant and the Dollar is still in a Bull Flag.  Obviously we all know which way I expect it to break.  It will probably do so by Friday at the latest, when we don't have a POMO to prop everything up.

EUR/USD Hourly

Dollar Index Hourly

The Russell could be a good sell in the 825 area tomorrow.

Russell 2000 Index Hourly