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Non-Tech : Bill Wexler's Trading Cabana
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To: ggersh who wrote (4983)2/27/2009 5:44:04 AM
From: RockyBalboa  Read Replies (1) of 6370
 
Thanks... and here is the first bounce of the yen in a week or so, after it took out 98. Still feeble and mainly driven by profit taking in Yen crosses which failed badly at todays open. This is often "automatic buying" of yen contracts.

The $index is not giving in; well over 88. Still, there´s little motivation to borrow $ and invest in the US.

Some other blogger pointed out that we will see these selling bouts regularly, particularly when hedge funds execute their rolling liquidations.
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