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 681.89

+0.3%

Oct 31 5:00 PM EST

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To: Joppike who wrote (69194)	3/11/2015 6:12:46 AM
From: Hawkmoon	Read Replies (1) of 218286

Yeah.. I'm not convinced yet, even though I'm short the banks and small caps.. But if I see the DXY go above 99, then I think we're going to see a bloodbath as the DXY makes a run for 120.. I've still got a gut feeling the Fed wants to bust the chart in the US Dollar and end the downward trend in the DXY to at least put it in a trading range. I don't think they want an uptrend, but they are worrying about competition to the US Dollar as a global reserve currency, as well as finding a reason not to raise rates this summer. Raising rates would only make the move in the Dollar even higher, especially with negative rates proliferating in Europe (and coming to Japan?).. zerohedge.com Hawk

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