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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (21885)11/16/2004 4:53:13 PM
From: ild  Read Replies (2) of 110194
 
Date: Tue Nov 16 2004 16:38
trotsky (Dave@dollar watchers) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
dollar short positions in the futures markets ( or rather, long positions in non-dollar currencies ) are at or near historic extremes.
so the bounces you see are in all likelihood the result of short covering. that said, the situation is still pregnant with potential , since everybody knows about these shorts and the dollar index has broken below pretty important support anyway ( there's even more important long term support nearby ) .
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