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Mike_Mac

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Mike_Mac

Re: blacktruck post# 14696

Thursday, 09/22/2011 12:57:13 PM

Thursday, September 22, 2011 12:57:13 PM

Post# of 46542
BT: Semi's popping on one min. They tend to signal at least an intraday rebound. MCP tagged 33 area and then retook .618 retracement level (37-8 area). FCX hit 31 and bounced $2. RIO more sluggish here. CAT as well, but 1 min chart shows that it may have put in a temporary bottom. Dollar may move back up later and put pressure on mkt again if it gets back into $79 area, but dollar looks to me close to pull back and retest of 77 or perhaps 75 in a couple of days. Might be good to take a look at TLT/TNX to see what it is saying. Mike
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