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

To: ggersh who wrote (15591)12/18/2008 6:30:16 AM
From: RockyBalboa  Read Replies (2) | Respond to of 71475
 
Similar problems, same policy in US and UK.

Well today there was some profit taking in the cross after EUR took out 0.95 Pounds in this hysteric move. But it is still hot... traders will do everything to try 1.00.

Of course the EUR is bleeping overbought at 85+ RSI levels.

But here comes the next mini push... Cross bouncing off 94. This stuff is on testosterone...



To: ggersh who wrote (15591)12/18/2008 6:49:04 AM
From: RockyBalboa  Read Replies (1) | Respond to of 71475
 
If Oil fails to react to the dramatic DX move... then I believe that on normalisation of that stuff oil is still a bearish trade and bound to drop further...to $30.

the DX is beaten to pulp at 78s and Oil is trading like the british pound.



To: ggersh who wrote (15591)12/18/2008 7:44:50 AM
From: RockyBalboa  Read Replies (1) | Respond to of 71475
 
EUR and Pound will both meet at $1.50 - ggg only 3c on either side.


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