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

To: Crimson Ghost who wrote (24089)	1/5/2005 2:54:58 PM
From: gregor_us	Read Replies (2) \| Respond to of 110194

I Have Been Coming to the Same View FH. The dollar suddenly looks trapped like a frightened fox in the corner of the garage, with the whole world looking. A higher dollar triggers, now, all sorts of Bad Nasties, as does a lower dollar. In fact, a big dollar rally could really be the trigger that finally hammers--you guessed it--the dollar. A move down now below USDX 80.00 triggers all sorts of psychology...the bottomless pit, as you call it. And so I've wondered if the USDX goes to sleep for a little here, between 80.00 and 84.00. The EUR and GBP were really beginning to shoulder much too much of the USD's adjustment. And of course the Asian currencies simply won't do any heavy lifting--even if the USD/JPY has started its stepping towards 100. Best, LP