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Re: SwingKing post# 39536

Sunday, 05/17/2015 6:53:34 PM

Sunday, May 17, 2015 6:53:34 PM

Post# of 42458
US Dollar/DX: I'm still looking lower for the dollar to complete this 4th wave and the closer we get to $92 the better the chances that the entire 4th wave will complete without any additional bounces. Instead of trying to explain all of the different possibilities let me just say that unless we hit $92.09 there is still a chance we bounce up to maybe $95-$93 before making a final low in this retrace. So bottom line is the deeper the better and if we break $92.09 it's very likely the bottom is in. If not we'll most likely bounce around a bit before putting in a bottom. IMO no matter how we go about putting in this bottom as soon as we do it's back over $100 and most likely at least $105

Please give me some feedback here, just want to make sure most of you guys understand what I'm saying.


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