Jump to content



Photo

dollar may be getting ready for a buy


  • Please log in to reply
4 replies to this topic

#1 Tor

Tor

    Member

  • Traders-Talk User
  • 7,647 posts

Posted 28 September 2007 - 11:22 AM

Is a trend being made?

I know its very oversold right here and I think getting ready for a reversal. Maybe not yet, but I am watching you Benji, I have my beady eye on you hehehehhe



Is a trend being made?

I know its very oversold right here and I think getting ready for a reversal. Maybe not yet, but I am watching you Benji, I have my beady eye on you hehehehhe


I will say this however, the dollar needs to have an orderly decline right here and break support levels if stocks are to rise from here.

That is my view.
Observer

The future is 90% present and 10% vision.

#2 nimblebear

nimblebear

    Welcome to the Dark Side !

  • Traders-Talk User
  • 6,062 posts

Posted 28 September 2007 - 12:22 PM

Is a trend being made?

I know its very oversold right here and I think getting ready for a reversal. Maybe not yet, but I am watching you Benji, I have my beady eye on you hehehehhe



Is a trend being made?

I know its very oversold right here and I think getting ready for a reversal. Maybe not yet, but I am watching you Benji, I have my beady eye on you hehehehhe


I will say this however, the dollar needs to have an orderly decline right here and break support levels if stocks are to rise from here.

That is my view.


We will see. No support until 72.0 - 3 day chart not muy bueno.

http://quotes.ino.co...?s=NYBOT_DX&v=i
OTIS.

#3 HoseB

HoseB

    Member

  • Traders-Talk User
  • 1,061 posts

Posted 28 September 2007 - 12:26 PM

"... the dollar needs to have an orderly decline right here and break support levels if stocks are to rise from here....


So... the slower we get frogged, the more we'll take of it? Even celebrate?
40,000 headmen couldn't make me change my mind....

#4 Islander

Islander

    Member

  • Traders-Talk User
  • 2,551 posts

Posted 28 September 2007 - 01:47 PM

Currency trade say NO to a slow decline in USD. Markets tend to trade in runs. Today Swedish and Austrailian units are trading up strong and this will last for a while. The dollar sellers want out based on commodity demands (oil and gold). The overall effect is to devalue US dollar. By the way, the US Treasury does nothing to avoid defacto devaluations of the dollar, they want it down. I think it is headed for 60. Islander :bear:

#5 Tor

Tor

    Member

  • Traders-Talk User
  • 7,647 posts

Posted 28 September 2007 - 03:01 PM

"... the dollar needs to have an orderly decline right here and break support levels if stocks are to rise from here....


So... the slower we get frogged, the more we'll take of it? Even celebrate?


what i meant to say is that if the dollar decline becomes disorderly, then i think its bad for pretty much everything due to confidence in assets.
Observer

The future is 90% present and 10% vision.