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Strategies & Market Trends : Waiting for the big Kahuna
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To: Qualified Opinion who wrote (76974)9/25/2007 5:07:42 PM
From: Real Man  Read Replies (1) of 94695
 
It's a down week so far (SP/DOW), but that may change
quickly. -g- Not too much down, rather flattish. It's a new
era of constant futures bid and bailouts. This era is
getting really old, it has been running since
the Fall of 2002, but it is still here. The dollar is
flipping the Fed and minions. Something has to give
when the market and the economy are constantly given
artificial life, that something has been the dollar. If the DOW goes up
to 15K by December, how much will the dollar drop? 80
has been the key long-term technical level for the dollar,
which is now well above its current level. The whole
US of A is getting sold hard.

The Fed is looking for a new bubble to blow - get long tech.
stocks. That's where they are looking. No earnings, but since
when did that matter? -g-
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