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Strategies & Market Trends : The coming US dollar crisis

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To: RockyBalboa who wrote (4924)3/12/2008 9:19:50 PM
From: RockyBalboa  Read Replies (1) of 71454
 
There was only a little bit to gain from the low 101 bottom feed after the gap.
JPY and EUR faded from liquidations and thin markets but traders are "trigger happy", the small drop has been bought and a rise beyond 101.60 soon arrested. In EUR where the cross suffered, there was a trader who relentlessly sold contracts at 1.5460 but this has been eaten through.

Since, then, go with the program, vroom vroom. I bought too, we will see how that goes. Yen 100 is darn obvious.

But the suffering JPY cross makes me wary. Something from the Europeans might surface in the next 12 hours.
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