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


To: ggersh who wrote (23008)9/24/2009 10:26:45 AM
From: RockyBalboa  Read Replies (1) | Respond to of 71477
 
You can thank Mr King for his astute comments.

I managed to get out at as small loss, earlier (when I found the pound is a dud), about 20 minutes later, hell break loose. It was odd. When the DX faded back in the night, the pound stumbled its way up to 1.638 or so which it undid when I awoke.

I can thank as well because the GDX is now also off. :)

Wondering whether we see the rubberband today, anytime. Max90 said 1039 for S&P, no worse.

I lack conviction these days. I actually started the pound position as a short (1.6430) one day ago but was evidently scared by the retracement in EUR/Pound which fell to 0.90. So I was happy to cover a cent lower, which was wrong.



To: ggersh who wrote (23008)9/24/2009 10:27:27 AM
From: zamboz  Read Replies (2) | Respond to of 71477
 
Ouch. POG dropping like a rock. Could still end up being a healthy shakeout. The big trends are still totally intact.