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Mystery US Dollar Strength

  • #1
  • First Post: Jan 2, 2008 3:40pm Jan 2, 2008 3:40pm
Anyone else feel it creeping up on the herd?

I am a little nervous some BS story is going to fuel dollar strength I just can't put my finger on it.
  • #2
  • Jan 2, 2008 3:55pm Jan 2, 2008 3:55pm
perhaps mid march or late february is when dollar gets full strength... this will be a dollar year all over the board. But for now we should see eurusd hitting 1.50 and dow jones to set higher records and than fall down sharp so the U.S. dollar will gain value.

during this year my monthly strategies tell me 1.3400 should be hit.
  • #3
  • Jan 2, 2008 4:11pm Jan 2, 2008 4:11pm
  •  TrevA
  • | Joined Oct 2007 | Status: my brain has a mind of its own | 166 Posts
Quoting TIckerShuffl
Anyone else feel it creeping up on the herd?

I am a little nervous some BS story is going to fuel dollar strength I just can't put my finger on it.

I call this my "BS Divergence" indicator... When all fundamental indicators scream weakness and the price keeps strengthening then I wait for a HUGE correction.

Fortunately, as a day trader, I don't need to predict the market... I just follow it.

TrevA.
  • #4
  • Jan 2, 2008 4:15pm Jan 2, 2008 4:15pm
Quoting TIckerShuffl
Anyone else feel it creeping up on the herd?

I am a little nervous some BS story is going to fuel dollar strength I just can't put my finger on it.
A surprise ADP number would do the trick. But it would be short lived.
  • #5
  • Jan 2, 2008 4:46pm Jan 2, 2008 4:46pm
Quoting falcon232
A surprise ADP number would do the trick. But it would be short lived.
ADP number is the BS story, as last month's data showed.
  • #6
  • Jan 2, 2008 5:03pm Jan 2, 2008 5:03pm
Quoting TrevA
I call this my "BS Divergence" indicator... When all fundamental indicators scream weakness and the price keeps strengthening then I wait for a HUGE correction.

Fortunately, as a day trader, I don't need to predict the market... I just follow it.

TrevA.
Agreed - just a matter of predicting when the correction will occur...I was expecting it to weaken further when the FOMC minutes came out....sigh.

Guess it's a matter of sitting by the river and waiting for the corpse to float by
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #7
  • Jan 2, 2008 5:17pm Jan 2, 2008 5:17pm
I expect the ECB & Co to inject some more liquidity any day now, there were rumors about 2 injections coming in January, so ... use tight stop losses when going against the dollar.
  • #8
  • Last Post: Jan 2, 2008 5:30pm Jan 2, 2008 5:30pm
Quoting coscorp

Guess it's a matter of sitting by the river and waiting for the corpse to float by
LOL

yeah things very still out there on the water for now.

Is it possible for everything to go down? hehehe Maybe we can start this whole monetary policy thing all over?
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