DislikedYeah, snorkel is working just ok. But lets be cautious- Think I see a resistance forming @ 1.5830 (check from 2008/03/17 till date on the daily). Bernie is still the FED chief priest. If he says USD woes are over, he "may" be right. AH all the way. I wont place nothing till my point .5600 is picked up. If this current retracement goes anywhere close to 80% Im taking a spectators seat. What y'all think?Ignored
yes man, my snorkel sank! oopppss But as I said, my risk management will keep me alive for a while.
About Bernanke, all of them had said that they want "a strong dollar", and treasury secretaries had said the same for over the past 5 years and what happened? The dollar has slumped into the swamp. This is like polititian's campaigns when the need the votes and promise a tax rebate.......oh yeah!!!
Just for fun:
The one dollar bill went to see the doctor and said "I re-fell" and the doctor answered "yes you did, but you must pay me in Euros"
I think Bernanke's lately comments are just a response to Trichet's speach about raising rates in Europe, but what may happened if US raise their rate with unemployment and growth? What will happened with the IS-LM curve GDP? And other factors that we do not care but they do because it's their job.
Good trades to all
TRADETHEPIPS
Why such a rigid stance? To learn is the funniest process in live...