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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: stan_hughes who wrote (668)	8/2/2007 11:02:45 AM
From: Real Man	Respond to of 71456

Yep, he's been right a lot lately. The model does not provide targets, just stop/reverse levels, which are different every day. The rest is his experience. And, by the way, it did not formally give a buy. -g-

To: stan_hughes who wrote (668)	8/2/2007 11:41:58 AM
From: Real Man	Read Replies (1) \| Respond to of 71456

I'm kind of thinking we might rally in August, even to new highs. The reason is panic from the Fed. We are already seeing an increase in temporary liquidity. That does not have a negative effect on the dollar, since it has to be returned. What happens next? Instead of a drain, coupon passes usually follow. I expect them to have a high impact on the direction of stocks (higher) yet again and the dollar (down through 80). Once 80 is breached, maybe we'll have a perfect storm, but TNX will have to rise, otherwise this market will be supported by the "Fed model" crowd. It is not overvalued (actually, undervalued) based on 10-year yields. It seems unlikely to me the Fed won't press the panic button soon. They will press it repeatedly during the perfect storm too, but it will stop working -g-