Thread: Giving the long dollar trade another try
View Single Post
  #35  
Old 11-09-2007, 01:00 PM
DcifrThs DcifrThs is offline
Senior Member
  
Join Date: Aug 2003
Location: Spewin them chips
Posts: 10,115
Default Re: Giving the long dollar trade another try
[ QUOTE ]
This is one of those trades where I'm trying to catch a monster move.

[/ QUOTE ]

i can't speak from a TA perspective, but from a fundamental perspective (imo), this won't be a monster move. the dollar is a weak currency with tons of downside pressure (mostly from asian countries). that pressure is weakest, and may turn to upside pressure, against the euro and pound.

i think you're looking in the wrong spot to try to catch a monster move.

Barron
Reply With Quote