Monday, April 23, 2007

System update 4/23

Well the market continues to make a fool of our short signal.Interestingly, from its recent reaction high at 85.25 (1-26-07), the Dollar Index has lost 4.6% of its value. Meanwhile, the DJIA has gained 3.4% from that same 1-26-07 date, leaving foreign investors scratching their heads, what rally? Truth be told the Dow would actually need to be sitting at 13,700 before it can even match it dollar value index. So what does that mean for us, well again trying to remain unbiased I will will continue to follow the system until it gives us a buy signal.

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