Everything is impermanent

This is just a diary of my market views and not recommendation to buy or sell anything I mention here.

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Wednesday, November 10, 2010

DXY, Take profit at 78.495

DXY confirmed its reversal today (5 EMA > 13 EMA, a clear close)

DXY respects monthly pivots, so I would get out of my shorts at that time.

Posted by Deej at 8:59 PM

Labels: dxy

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“I believe that the public wants to be led, to be instructed, to be told what to do. They want reassurance. They will always move en masse, a mob, a herd, a group, because people want the safety of human company. They are afraid to stand alone because they want to be safely included within the herd, not to be the lone calf standing on the desolate, dangerous, wolf-patrolled prairie of contrary opinion.”

- Jesse Livermore

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