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Cliff,
Too many recommendation firms were ringing about EURO making new highs in December way before (3-5 weeks). You didn't need to have a system to recognize it.
It was a pattern developed by humans. The trend was so strong that even important events couldn’t break it (Example: Saddam capture).
I don’t have any system by the way ....nor anything to offer.
just joining a discussion.
Regards,
Pan
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