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To: Haim R. Branisteanu who wrote (243830)	6/3/2003 10:39:47 PM
From: yard_man	Read Replies (2) of 436258

>>for the reason that IMHO the wild swing in the FX since February are not justified ....... same apply to last July and then a year before.<< that is simply YOUR value judgement ... I can say the moves are justified based on my perceptions and who are you to say I am wrong?? You haven't given any arguments to support your position -- you simply state it as fact ... silly, IMO. The only way to make a decent point is to talk about exchanges for goods in both areas at least as a starting pt, but it is considerably more complicated than that ... but you haven't even started there. Your statement can be reduced to the following: The euro / USD exchange rate should be X because I said so -- or the euro / USD exchange rate should not fluctuate more than X % a day because I said so ... If your resources were big enough you could exert an influence, but since they are not, your opinion isn't worth much -- you just have to trade what actually happens. I don't care if banks run stops when you can't trade or when the market is thin -- that's just the character of the market. The next logical step in your thought progression is not just that the markets are being manipulated, but that they are being manipulated to hurt the little guy -- next they will know what your positions are and be hunting for you. <g> Why not use reason instead? Is Soros evil because he has more money than you? If you had the wherewithal to influence additional buying -- run stops -- would you?? It's more plausible to me that governments alternately collude and then cease to collude -- but whatsit matter? Who cares what's behind the movements? Trade or don't trade. Value judgements concerning exchange rates are silly.

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