SPDR S&P 500 (SPY): Foot, USD is really starting to head up....

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Re: Footquarters post# 57141

Friday, 08/08/2008 10:01:06 AM

Friday, August 08, 2008 10:01:06 AM

Foot, USD is really starting to head up. First resistance will be 76 and then 78. That zone looks tough to break so I guess we will see. But the yen is dropping like a rock. Crude is down 2.25. I guess they want that $NDX gap 1910ish sooner rather than later. Although it will be interesting to see what happens at the 200dma at 1921.

[chart]quotes.ino.com/chart/history.gif?s=NYMEX_CL.U08.E&t=f&w=15&a=50&v=d6>

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