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Non-Tech : Bill Wexler's Trading Cabana
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To: ggersh who wrote (5156)3/24/2009 10:19:36 AM
From: RockyBalboa  Read Replies (3) of 6370
 
Me too: Bought FAZ @19 and shorted PIR at 90c.

JPY come in buying range again after 400 point consolidation. But clearly dangerous. Perhaps this time, people look for a sequel and another floor in the elevator...

much depends on whether the market rolls over, or not. I try to listen to people who say: the carry trades have legs... see where they traded historically, and they only sold off because of the rate cutting.
Said I but the rates are still zero wherever I look; the other shrugged: You need to look a head. In a year or two there is something like a rate differential and thaths what people anticipate.

Remember, the early bird does not get the worm.
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