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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (5752)	6/14/2010 9:19:06 AM
From: Rarebird	Respond to of 26251

US Dollar Index: The straight up move in the US Dollar has ended, but the bull trend most certainly has not. The July rally in stocks is likely to coincide with a retracement in the dollar. As I mentioned on June 4: "If I was a short term trader, I'd consider taking profits in long dollar positions (on a dip below 1.20 EUR/USD) and wait for future opportunities to re-initiate these long dollar (short Euro and Yen) positions." Message 26589530 When the stock market tops in August, I will likely find it a good time to buy dollars once again for the next leg up in the long term bull market.