Zeev, you said; As I mentioned to day, I expect a relatively significant local low on 12/10. Coincidentally this is the day after the FOMC Meeting. A low the following day departs from the historic pattern as outlined below, not that I doubt the Turnips!
So what does it mean that the dollar is getting sold to multi-year lows against the Euro, people like Buffet and Soros not to mention many traders appear to believe that the dollar is heading much lower still, and yet it is claimed that growth in the US is powerful (8%+) while growth in the EU is virtually non-existent?
There is a disconnect there somewhere. Someone is either wrong or lying, it would appear. People are selling the dollar despite the growth stats which would normally make the dollar stronger rather than weaker.
For those interested, I've added a (tiny) bit of material to the Zeev's Ideas Board (#board-1351). Quiet week down at the ranch. No stampedes, not much grain to harvest.
Hi Zeev, How does this "clear air" chart look to you? Glad I'm in this core <g>. I'm in 7 of your core plays right now btw, Fletch Then of course there is the BU$$ chart....looks like we should kick a field goal...talk about flag poles.
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