Don't you think it's also possible that we'll get a Dollar rally, but it'll more muted than fall '08 rally due to the fact that a certain amount of deleveraging/safe haven buying has already taken place. In that scenario I could see a move back to 87/88 and we'd have the making of a nice H&S IT top. Would be consistent w/the FA as well imho. Given how bad the other major currencies suck (along w/deflation), I'm not closed to your scenario of 102, I just see it as far less likely right now.
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