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This is a difficult call. Choppy Forex trading

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btrain   Thursday, 05/05/11 11:00:52 AM
Re: shankapotamus post# 74
Post # of 146 
This is a difficult call. Choppy Forex trading all week, with Asia out of the markets, a gap up this morning in the DXY/UUP dollar, the SPX index near a trend change posting a 1336, but not a 1335 and a possible gap below, silver near $36 but not at their target of $36, hmmm and the dollar is the main tool used to manipulate the market... it's a hard call, but the chart below shows a correction to the lower support area.

This end of week price may be a better mark to ask if the dollar decline has reached the Fed's market maker's and Goldman's target.


All of my posts are my own opinion. Always perform your own due diligence on every investment you are considering, or contact your licensed investment adviser.
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