Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 694.07

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4:00 PM EST

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To: J_K who wrote (32973)	6/1/2012 9:11:40 AM
From: Hawkmoon	Read Replies (1) of 222604

Yeah.. this is REALLY UGLY.. Still watching UUP and the USD. UUP should be hitting it's 200 week MA, possibly early next week. Need to see it bang it's head and consolidate off of that for a market rally to set in. bigcharts.marketwatch.com But now seeing capital flight coming out of Europe to the USD, IMO. Below 0% on Swiss paper is going to send that money to American shores seeking out any form of yield. I'm not sure I see anything preventing the USD from climbing back to it's May, 2010 high (the last major crisis moment in Europe and the Flash Crash).. I suspect we may be looking at it even possibly exceeding that level as capital flees Europe, Asia, and runs for the financial center in the US.. Hawk

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