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Strategies & Market Trends : The Swamp

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From: SwampDogg10/11/2007 5:09:38 PM
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Thanks to all the well wishers
ECB official was quoted as saying that they may have to raise rates to slow down inflation (that caused the market swoon). This is obviously dollar bearish as there is no way that the Fed can raise rates in this environment. FA wise this reeks of a co-oridinated effort to move the buck much lower.
Technically we were flying today on high volume and the selloff this afternoon was probably a knee jerk reaction in the whole market. Sticking with the strategy of not selling a thing unless 680 gold is broken. This may get volatile, seatbelts required but this looks like some shaken goin' on.
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