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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (6003)8/24/2009 4:42:45 AM
From: RockyBalboa  Respond to of 6370
 
Japs didn´t buy but in Europe... the JPY would easily run to Y95 and a little above but failed there on hefty volume as traders suddenly decided its is enough on carry trades.

Well I have to keep in mind, given the secular LT trend and that dollar printing is still prevalent, Y95 is not expensive.



To: ggersh who wrote (6003)8/24/2009 8:15:56 AM
From: RockyBalboa  Respond to of 6370
 
.



To: ggersh who wrote (6003)8/24/2009 8:15:57 AM
From: RockyBalboa  Read Replies (1) | Respond to of 6370
 
Next try. Since the machines are in "bull" mode, yen buying must be "limited".