Re: [RT] The Dollar

[Ben <profitok@xxxxxxxxxxxxx>]

Hello Ira

 

this is EXECtely what china goverment is doing

 

they have 25% in euro

25% in yen

25% in usd

and 25% in cd

every day they eqalize the amount

if euro up they sell euro above 25% and buy the week currency to make the 25%

Ben

----- Original Message -----

From: Ira

To: realtraders@xxxxxxxxxxxxxxx

Sent: Wednesday, November 07, 2007 3:16 PM

Subject: Re: [RT] The Dollar

I have two targets below here.  One at 74.50 and a long term target of 70.50.   There is a rumor that China is moving a lot of its U.S. Dollar cash reserves into Euros.  This does not look good for the dollar if it is true.  Who really knows what the Chinese government will do.  There is one other credit crises that hasn't been addressed out side of the lenders and that is the insurance companies.  How many of them have put how much of your premiums into mortgage backed securities. Or just mortgages themselves.  This will also impact the Dollar.  There is also a crises brewing with the NASCAR Set.  How high will the price of beer go with the increased cost of barley, hops and wheat?  Another drain on the Christmas dollar.  Maybe a six pack gift will do.

 

Ira
www.delta100.com

----- Original Message -----

From: Jim White

To: realtraders@yahoogroups.com

Sent: Wednesday, November 07, 2007 11:35 AM

Subject: [RT] The Dollar

We may be near a turn in the dollar decline. This week is a Near Impulse week for the dollar and Friday is a Near Impulse day which could mark the low.

Jim White
Pivot Research & Trading Co.
PivotTrader.com

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