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Published in Daily FX
() on Jan 1 1904
by (link to originallink to original)
Translated from by Kathy Lien. Edited by .
Monthly charts provide much needed big picture perspective . The July, August, and October 2007 lows touched and reversed at an 18 year support line (drawn off of the February 1989 and August 1997 lows).

A line that connects the October 1998 and December 2002 highs provided resistance throughout 2006 and early 2007. False breakout signals occurred from August 2007 to January 2008.

The next test of the resistance line likely leads to the real breakout. Be sure to visit the Elliott Wave forum for trading ideas and updates to this pattern.


On Sunday, before a rally of several thousand, she added a heavy dose of sarcasm.

“Now I could stand up here and say, let’s get everybody together, let’s get unified the sky will open, the light will come down, celestial choirs will be singing,” she said, to a smattering of giggles. “And everyone will know we should do the right thing, and the world will be perfect.”

She added: “But I have no illusions about how hard this is going to be. You are not going to wave a magic wand and make the special interests disappear.”

Campaigning for votes before the pivotal primary contests in Texas, Ohio, Rhode Island and Vermont on
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