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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (6788)2/2/2004 10:44:17 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
any thoughts on USDollar DXY chart here?
wondering if it will pierce thru 50MA and head above it somewhat

its daily stochastix are running high now, hitting 80 level
but it could sit up there for another 3 days, 3 weeks
most people overlook the US$'s absolutely dreadful fundamentals
a 25 bpt or 50 bpt hike will not mean shit, I mean SHIT

I think it might with the proper G-7 support
which is very likely
but would represent an about-face from October's G-7

with enough vacillation among finance ministers, the FOREX markets will really lose confidence in the fiat gangsters

/ jim