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To: LLCF who wrote (53213)	11/20/2007 5:25:59 PM
From: marcos	Read Replies (1) \| Respond to of 78416

The loonie at this level is already causing damage to large influential parts of this country, though, it's not too likely that Dodge & Co will let it rise indefinitely ... they'll only stall at best imho, ultimately they'll drop and print in pace with the US Fed, maybe a little faster at times, to catch up [or catch down, in this case] ... i think one more run, to 1.15 or beyond maybe, then that's it, they'll do what they must ... and so will the euros As they eventually said of Keynes - 'We're all Helicopter Bens now' [edit] - $cdw - 'bullish price obj. (rev): 120.7 - stockcharts.com[PA][D][F1!3!1.0!!4!20]&pref=G ... that's usd at cdn.83 - soon as i see .86 offered i buy lots, because it won't last

To: LLCF who wrote (53213)	11/20/2007 6:20:42 PM
From: tyc:>	Read Replies (1) \| Respond to of 78416

I understand your point, but the issue is not solely the USD, but rather businesses (i.e.stocks) south of the border . Why would we expect businesses get ever-cheaper if they are priced in a currency that is going to be worth ever less? I argued the point recently with another esteemed poster and concluded discussion is futile. One must simply put his money wheRE his mouth is !

To: LLCF who wrote (53213)	11/25/2007 10:28:09 AM
From: tyc:>	Read Replies (1) \| Respond to of 78416

>>"Since the "vs" is the $US, I don't think it makes much more sense to talk charts or tops any more than it did when comparing a loaf of bread to the Mark in the 20's. :)" In this comment, you were replying to my suggestion that US$1.10 was "the top for the looney, or close to it". I disagree, of course. Currency trading is "momo" driven rather than fundamentally driven. It was "momo" that drove the looney to $1.10. What happens next will depend upon how currency traders view what has happened already. To my mind it is inescapable that they will see a spike top and a reversal. They will see that the trend has changed and to follow the new trend they must be short rather than long the looney. Moreover, I read that momentum trading can be likened to a long option position. Momo players will increase their positions as the chart moves, just as the delta of a long option grows as the option makes money. The trend tends to feed on itself. This is standard procedure in futures trading isn't it ? I have never done any myself, so treat my opinions accordingly. To what extent do you agree with what I have said ? It seems to me that it has fundamental importance to everyone. Consider, for example, how an investor in American stocks could have benefited if his US stock holdings had been supported by a long looney future (i.e. short US$) in the past year.