Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

WFC 86.04

0.0%

Nov 7 9:30 AM EST

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To: tejek who wrote (1027)	8/3/2010 2:40:55 AM
From: Hawkmoon	Read Replies (2) of 1428

What it's saying is that hat the USD is declining relative to oil and other commodity prices. It certainly has been against the Euro since that currency hit 1.19. I think the same can be said for his stock market. It goes up as the USD declines, so it will be important to watch for a change of tend in the USD. And if the UUP (dollar bullish ETF) is any indicator, we're getting close to that turn. Plug in UUP to this chart. It's dramatically oversold and when it hits $23, I would think it would turn upward. However, plugging in monthly time frequency and it could hit $22 before rebounding. bigcharts.marketwatch.com Hawk

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