Market Analysis for Dec 13th, 2004

Well, the E-mini March S&P had a chance to do some minor damage to the 3-session upmove by breaking 1192, after hitting a new high today at 1198. But the sellers just cannot seem to get anything going on the downside WHEN IT COUNTS. Nonetheless, my work warns me not be long here and to maintain a small short position with stops above the Dec. 3rd high at 1200.75. With that in mind, have a look at my updated daily chart analytics of the Euro vs. the dollar...

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