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…which reminds me of a question that was asked during the S&P conference call regarding US debt a month and a half ago…”With the Fed monetizing debt, why should the US even bother to collect taxes?”

http://www.businessinsider.com/follow-where-you-tax-dollars-are-being-spent-2011-4

Get out your thinking caps and figure this one out gang…

http://reddragonleo.com/wp-content/uploads/fp-uup-84-14-on-06-30-2011.jpg

Look at the opening, closing, high and low price.  Look at the date.  Try to put the numbers together to come up with a future date and price level that the dollar is going to sky rocket up.  If it lines up with June the 11th, then we could have our stock market crash next week?

By the way, trying to overlay this FP with the dollar would put it at about 284 (it’s currently around 73-74)… which would only happen if the euro collapsed as Lindsey Williams said it would.  Then we would only have 2-3 weeks to get out of all paper… remember?  While I don’t think the print means that the dollar will go up to that level, I do believe there is a hidden code telling the real future price level and date.

Have good weekend everyone (Richie, this puzzle is for you and Geccko to work on).

Dow Jones chart: http://niftychartsandpatterns.blogspot.com/2011/06/dow-jones-analysis-after-closing-bell.html

Yes, we certainly should have a bounce next week… but what happens at the end of it is another story?

that follows the black top trading rule on FAZ..down 2 days then up on the 3rd day.

Monday-Tuesday up,..Wednesday up AM ~ down PM heading into Initial Claims on Thursday… I see a patterrrrrn. LOL!

i think they will call it debt ceiling…lol

Trading idea: buy DIA.
Opened at 121.24 on 6/3/11.
good long signals on the overnight charts 

Enjoy yours too Robert, as who knows what next week will bring?