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

To: ggersh who wrote (21621)	7/29/2009 1:20:04 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 71423

Yes the currency trade is (un)predicable as ever. A big casino. But here´s more. Support levels in falling knive charts are notorious - to be pierced and broken. As such... and with no inflationary support, will we see DX 83, EUR 1.32? And in spitting distance to 1.39,.. The other big risk, wrong, "opportunity" is a treasury related trade. Since the paper is weakening again, wait for the fed to come out and buy treasuries with borrowed dollars. Otherwise, treasury auctioneers are unhappy and won´t come again! .... Last word on the Euro stoxx trade. Since there was no buying in US markets the contract ended a tad below 2600. But I gained only a handful points. (the Dax has not given up any gains at all).