Tuesday, May 6, 2008

6 May Dollar Strength ?





Look at the charts, I am calling for USDJPY to test 106 and upwards.
EURUSD to bounce off 1.5550 and head lower again to retest the low at NFP.

Oil touched 120. Should turn down and then up again.

surprising, 1 week and all dollar strength disappeared.

however still looking at USDJPY to probe the Asteroid Belt, and then fall off from
108.

Buffet and Greenspan out to scare people about Recession once again. Bernanke was there scaring people about foreclosure.

All scaremongers running around in the market. This would provide the next wave of short coverings to move the Equities up.

Guess the only people buying the markets are the short coverers.

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