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Mood!

Tuesday, October 5, 2010

CABLE...

Looks like cable is nearing significant resistance zone...

Could be one more move up to 1.65 if the USD carries on being sold..
Longer term view..MONTHLY Chart

has worked off the oversold condition at point 3 
RSI is now back to neutral level

IF wave count is correct longer term should revisit lows ie 1.30 level and possibly more

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