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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: anandnvi who wrote (39977)	11/7/2012 12:46:43 PM
From: Keith Feral	Respond to of 220814

10 year yield is lucky to be above 1.60% given all the commotion with the storm last week. Today's reaction to the election is probably giving us the buy on the dip opportunity we should have gotten last week. The shortened trading week didn't give people much opportunity to react last week.

To: anandnvi who wrote (39977)	11/7/2012 12:59:07 PM
From: Keith Feral	1 Recommendation Read Replies (1) \| Respond to of 220814

Euro is close to filling the gap from Qe2 around $126 on the FXE chart. What's the worst thing they can do with the dollar - keep running it higher to drive oil prices to affordable levels? I was much more pissed about the market yesterday when oil prices were up almost $3. Feeling much happier with oil prices down almost $4 today. Take it down another $4 tomorrow, and I would be really happy. Get gasoline prices for RBOB down to $2.30 and things would be much better. Everyone was saying the dollar rally was predicting a Romney rally, which didn't come close in any of the swing states. I think the dollar rally is close to peaking out near term, but I would love to see DXY break much higher. My plan is to keep scaling into the market on down days into the end of November. Should get a Santa rally from there. Last year, the DOW briefly dipped into the summer range towards the end of November before roaring back.