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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: Andrew who wrote (1030)2/20/2004 6:20:20 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 60918
 
<<USD was likely short covering.>>

I agree, but IT bottoms also usually begin with short-covering rallies. We closed above the 50 day MA for the first time in many months. If 88 on the DXY gets taken out on a close, it could get legs. Not trying to be an alarmist, but that's what I see right now, and the "short dollar, long everything else" trade is very, very crowded right now.....I'm still about 10% allocated to PM stocks, but might take that down next week....and add some equity shorts (homies and related finance and tech).



To: Andrew who wrote (1030)2/20/2004 9:05:57 PM
From: re3  Respond to of 60918
 
well i found two things i have in the green so i guess today coulda been worse -g-

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