Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (77879)	11/28/2007 7:44:42 AM
From: Real Man	Read Replies (1) of 94695

That's good. The dollar has been going down non stop, it's overdue for a bounce, but I don't think the bounce will last unless the Fed pulls a surprise no cut in December. Blowing bubbles has a cost, and the bills are now overdue. We are going to 60 -g- Sometimes the dollar index does bounce 1 or 2 -g- Derivatives are working against the dollar as it emerges as a new carry trade currency due to the Fed's lowering bias. That in addition to the trade deficit. The only power the rally has is short covering - and there has been quite a bit of selling going on lately -g-

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