from July 14 http://www.traders-t...?...st&p=299388Zedor,
Only 12 more trading days to August and the dollar futures are only 0.29 from trading in the 70s
Larry T.
I agree with LarryT that the dollar is at an important juncture. From a technical perspective it looks like its forming a large bullish wedge and oversold to the extreme.
The question now is does it explode up out of this or collapse. Technically I cant see it collapsing here. Fundamentally I cant see the FED letting that happen either.
11 trading days left to see.
What makes the most sense is that this dollar low is coincident with the market top that I am saying we are making here. I have been saying for years the dollar and the market are inversely related in this bull leg of the US equities markets.
Edited by zedor, 17 July 2007 - 06:08 AM.