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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (77781)	11/26/2007 8:09:10 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

There is a difference in the noise coming out of the Bush administration and the Treasury now as opposed to August. In August, the noise was about their prevention of the market collapse. Right now the noise is about strong dollar policy. Does this mean the Fed does not cut anymore, despite the market pricing it? So far the interest rates futures and the dollar regards it as just that - the noise. The credibility of the Fed was lost in September when they tried a similar pro-dollar noise prior to cutting 50 bp (a very anti-dollar action). However, if they get serious about that and surprise the interest rates market on the upside, the dollar gonna rally, and stocks will quite likely go down, along with gold and oil. -g- Everyone and their mother are just borrowing the buck to get long something.... Something else, that is, whatever it is. -g- The dollar has 72 written on it. The spoos have 1450 as a possible ST resistance, above which, I think, we have a trend change to UP. -g- It is definitely too dangerous to short at these levels, but a cross of 1450 cash should provide a tradable bounce. I'll have more faith in Santa then - he will be coming. <G>