fridays trade, page-36

gm, not sure last nights spike up in usd index was just bond buying. If you look again at the multiyear chart for usd, its currently at very strong support levels. On top of support, last nights spike was a display of strength. My thinking - its good to watch market action at support.. if it just grumbles along the bottom then its simply at support, but if it shows strength at support then theres probably a trend change coming. If recent history is any guide, a trend change in the usd will be a period of weakness in equities and commodities and gold ... and stuff..