USD/Commodities Update

China's Lenovo to slash 11 percent of work force
Ukraine Had Inflation of 22.3% in 2008, Record Since 2000
Stocks Finish Moderately Higher After Early Wavering
Economy Off a Cliff With Multiple Declines
Intel will miss its already-lowered 4Q targets
Report: Recession Could Be Longest Since World War II
Harper Consulting Widely on Budget After Near-Death Over Fiscal Update
World markets hit by US unemployment fears
Soaring Deficit May Pose Threat to Obama Stimulus Plan
EMC to cut 2,400 jobs, sees meeting 4Q estimates

By: Wall Street Warrior Monday, November 17, 2008 11:56 AM

Sectors: Finance

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The MACD has yet to confirm the bullish pennant BO, so the pattern is suspect.

Energy is forming a symmetrical triangle, but it's not clear which direction it will break. Either way, the coiling of the ADX +- lines foreshadows a big move.

Gold has held up quite well given the strength of the dollar.

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