Replies to post #109237 on Zeev's Turnips Patch-No Politics (ZEEV)

[otraque]

http://stockcharts.com/def/servlet/SC.web?c=$USD,uu[g,a]daclyyay[d19970124,20030519][pb50!b200][vc60... my USD drawn 1/23/2003--thus far the descending red line has been putting a strong lid on bounces---leave for your own interpretation.

[Ace Hanlon]

You are probably right about the bond rally reflecting short-covering by those fearing direct Fed intervention. And the dollar probably is near a bottom of some significance -- but still is a long way from its FINAL trough IMHO.