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

To: ggersh who wrote (4549)	2/27/2008 1:09:13 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 71475

Spreads are going through the roof. The May July Spread went itself nuts. July is not in such demand so if it hit 250 that won´t be a surprise. I have underestimated the power of currency traders. I did not expect the EUR to run so far ahead of 1.50 on top of yesterdays rise which was from 1.47s to 1.498. It didnt even correct today, perhaps a kind of exhaustive gap to over 1.52 is in the making. 1.52 and some is actually the linear P&F target measured from the 1.44 base and old 1.483 resistance. This is a level where a drastic countermeasure can not be ruled out.