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

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Nov 3 4:00 PM EST

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To: anandnvi who wrote (39977)	11/7/2012 12:59:07 PM
From: Keith Feral	1 Recommendation Read Replies (1) of 218342

Euro is close to filling the gap from Qe2 around $126 on the FXE chart. What's the worst thing they can do with the dollar - keep running it higher to drive oil prices to affordable levels? I was much more pissed about the market yesterday when oil prices were up almost $3. Feeling much happier with oil prices down almost $4 today. Take it down another $4 tomorrow, and I would be really happy. Get gasoline prices for RBOB down to $2.30 and things would be much better. Everyone was saying the dollar rally was predicting a Romney rally, which didn't come close in any of the swing states. I think the dollar rally is close to peaking out near term, but I would love to see DXY break much higher. My plan is to keep scaling into the market on down days into the end of November. Should get a Santa rally from there. Last year, the DOW briefly dipped into the summer range towards the end of November before roaring back.

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