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Jamie's Pick: 03/09/12

Jamie's Pick: 03/09/12

2012-03-09 14:19:00
Jamie Saettele, CMT, Sr. Technical Strategist
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No change other than risk on shorts can be moved from 80 to 8055: “Early March action warrants a long USDJPY position with a stop below 8000. I’ve no idea if the advance will extend from current levels but the reward/risk is favorable as the next objective isn’t until the 100% extension of the February rally from 8001 / July 2011 low at 8550.”

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