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I was just looking at the dollar last night and thinking it was close to the support bottom.Problem is that the dollar might rebound as well. Its been down all week, way below moving average.
I was suprised by this as well, I guess I got the answer to my question.Anyway, I'm now looking for the Dollar index to float around 87.5 to 88.0. The last time I found myself waiting for the dollar drop (a couple of weeks ago), I backed out a day early because the market was looking like it was going to roll over. Unfortunately, I can see the same situation developing again.
Check out the chart, if you want to see my rationale.
Griffin, that was a good call that you made on the dollar on Oct 10th, The dollar was around 87.5 on Oct 13 before it started coming back down. Now is it headed to 87.7?
Dollar dropped pretty good today but I don't know about Monday -.33? http://www.advfn.com/p.php?pid=forex
Or should I say pretty BAD?![]()
PRETTY ain't it? Read the daily comments, great stuff!![]()
Fivetears,
What you need is a strong angle of tumescense to keep them away.
G+.01
F+.03
C-.12
S-.19
I+.03
The above post was May 31, 2006.
Let me try and bound "..the next few months.." so as not to come across like a Mystic. I'm perceiving(high interest rates and oil prices will pretty much guarantee this) that we're in the initial stages of a more serious correction in equities throughout the world and this will last going forward the remaining part of this year and into the beginning of next year. HOWEVER, this could all change dependent on many scenarios involving differing policy shifts by the world's CB's. We could have a free for all in interest rate policy where each CB goes "rogue" thus doing away with what appears to be an ongoing coordinated interest rate event. Gold and oil(and commodities in general) should resume their bull markets for the next decade or so(probably longer).
Things should get pretty interesting as they pertain to bonds. Pay attention, it is my speculation that, Paulson's calling the tunes while Bernanke dances to the beat. They will do whatever it takes to protect their bonds and a MAJOR, if not ONLY way to do this, is by raising interest rates to entice those bond investors to keep holding them. Stay tuned as this is an ongoing work in progress... Good luck.