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Tuesday, May 19, 2009 5:06:04 PM
A pennant formation on the 60 min chart, we'll see which way it breaks shortly. The trading action today left a doji on the daily chart, which simply states indecision between the bulls and bears (Makes sense considering the intraday pennant). A green day tomorrow and breakout of the 60 min pennant would indicate continuation, meanwhile a down day would mean pullback to around .08.
http://screencast.com/t/smvG9SE9y4
"A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank."
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