Playing the I fund

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clester said:
The dollar has stabalized. Japan, UK, Ger,, and France appear to be resuming their climb. They are nearing resistance levels. Everything looks good here right now. The EAFE index has broken out to new highs. The biggest concern here is still the dollar. Lets hope it doesn't climb back too fast.
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Tommorrows #s Import Export will have more of an effect on the dollar and bond market. Bernanke in Beijing Tursday Bernanke and Henry Paulson in Beijing on Friday. Guess what they will be talking about?
 
http://www.safehaven.com/article-6496.htm

The reversal of the U.S. Dollar against most major currencies on Friday was also accompanied by more bullish news for the dollar. Over the week ending last Tuesday, the commercials continued to increase their short positions on Euro futures contracts. As a result, the net short position of Commercials is now at a new 52 week high. Not coincidently, the net long position of small speculators is also at a new high. Given that small speculators have historically acted as great contrarian indicators, and given that commercials are usually the "smart money", there is a good chance that the Euro reversal on Friday morning was legitimate - signaling that the U.S. dollar has probably bottomed and should rally into the end of this year and beyond into 2007.

You can't find refuge in the herd. And you must resist the urge to join the crowd.
 
Birchtree said:
http://www.safehaven.com/article-6496.htm
Given that small speculators have historically acted as great contrarian indicators, and given that commercials are usually the "smart money", there is a good chance that the Euro reversal on Friday morning was legitimate - signaling that the U.S. dollar has probably bottomed and should rally into the end of this year and beyond into 2007..
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Sorry, I just don't buy it... Me thinks that even if $$ rebounds, it will not affect I fund's upward move for the rest of the month. But then again, what the heck do I know...;-)
P
 
Universal Studio for tomorrow... yippeee....

Hehehe... There are some... I am also helping the economy here by contributing my falling dollars (value) into the economy. hehehehehe... This place ain't cheap...
 
The I-Pit has been in a good market run up since 12 September. The USD has been a rodeo event to put it mildly. I agree with pyriel. You may also entertain the thought of throwing a couple shovels full of T$P in the S-Pit. It's on the low end of its upward channel, and may react well to the recent news, for the remainder of the year; 3 witches or not. JMHO :) .
pyriel said:
Sorry, I just don't buy it... Me thinks that even if $$ rebounds, it will not affect I fund's upward move for the rest of the month. But then again, what the heck do I know...;-)
P
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N300^2.77 {0.85%} 329.31 N225^136.27 {0.82%} 16829.20 AORD^79.50 {1.45%} 5550.90 FTSE ^20.80 as of 0415am Dollar -0.06
 
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