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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Sidney Reilly who wrote (50560)5/4/2006 3:36:35 PM
From: Broken_Clock  Read Replies (1) | Respond to of 116555
 
yup



To: Sidney Reilly who wrote (50560)5/4/2006 9:49:38 PM
From: LLCF  Respond to of 116555
 
< Looks like panic. Is Iran still pushing to trade their oil in Euro's?>

The dollar isn't even 'that' oversold yet on the "RSI chart" although it's getting there:

stockcharts.com

Panic??? I think that is a little strong. Right now I'd call it 'recognition of reality' or 'recognition of things to come' which should lead to an oversold postion shortly... followed by consolidation or bounce.

Long term?? fadetaboutit! Get your money in Loonies quick.

DAK