Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
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Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.
— Marcus Aurelius
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Friday, October 24, 2008
END of dollar rally???
Talking heads keep saying dollar rally is "flight to safety" - RUBBISH...imho it is purely demand for dollars form US international funds being liquidated and repatriation of dollars to the US. HOW Long will it last? I'm sure we are close to a top for the dollar..look at the charts...extreme overbought/oversold (depends which currency you are looking from!)
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