The yen is through the roof and traded into 52wk high territory earlier. My guess is the markets won't like this much tomorrow.
Yen-Dollar...Anyone Watching?
Started by
Cirrus
, Sep 09 2007 09:03 PM
3 replies to this topic
#2
vitaminm
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Posted 09 September 2007 - 09:25 PM
The yen is through the roof and traded into 52wk high territory earlier. My guess is the markets won't like this much tomorrow.
fxy
5-15 mn sell S@86-87
Edited by vitaminm, 09 September 2007 - 09:26 PM.
vitaminm
#3
SemiBizz
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Volume Dynamics Specialist
Posted 09 September 2007 - 09:49 PM
You know I suspect that a lot of relationships are going to be broken in the next few months... The way I see things is that we're in the middle of a market reversal, and not just in equities, if there were ever a time in these elastic relationships for them to break down or reverse, this is it. I highly recommend keeping an open mind.... and make these relationships prove themselves by performance rather than reputation.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#4
Douglas
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Posted 09 September 2007 - 10:43 PM
Hari-Kari Trade:
Looks like Black Hawk Ben and the Fed get to pop another bubble, first housing, now the carry trade. Cutting the Fed funds rate will really stick the knife in good. If you don't have recessions to wash away the trash, it just piles up until it falls over.
