Most major currencies soar against dollar and yen. Carry trades will wind back up again.
http://www.marketwat.....890B8FE0E316}
Anyone notice the new low in $USD today?
Started by
TechSkeptic
, Sep 18 2007 04:31 PM
3 replies to this topic
#2
eminimee
-
- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 18 September 2007 - 04:38 PM
#3
normxxx
-
- Traders-Talk User
- 121 posts
Member
Posted 18 September 2007 - 06:23 PM
Am I ever glad I went to max overweight gold when it tanked on the ides of August!
Now to time the (temporary) top. I am altogether very bullish on the dollar about here. Have you noticed the very bullish descending triangle? Also, I think there is a very real limit to what our trading partners will allow. As was shown under AG, we cannot lower the price of the dollar just as we wish— others have printing presses also.
Edited by normxxx, 18 September 2007 - 06:27 PM.
The content of this message is NOT intended as professional advice. In fact, I am very unprofessional.
#4
diogenes227
-
- TT Patron+
- 5,120 posts
Member
Posted 18 September 2007 - 07:48 PM
Hmm, is that a perfect FALLING WEDGE in the dollar? I wonder what that means. 
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
