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I didn't check Fridays chart of the dollar index, but the dollar was making
a retracement of its down leg. I will have to check if it has voided that
down leg with this up move. I don't follow the dollar index that closely,
but the BP took a blood bath. Went right to the targets on the way down.
Have a good week end. Ira.
Gary Funck wrote:
> the US$ made a big move up at the expense of the dmark and jyen Friday,
> but the bond was down a little (rates higher). This up-trend in the
> US$ has been in place for a while, and the bond is testing the bottom
> of its trading range.
>
> I thought that as the big players moved into dollars, they'd also tend
> to buy othe US$ denominated assets like the bonds, or stocks, but
> both US bonds and stocks have been looking weak of late. Does that
> mean the money is just 'parked' into US$ waiting to be deployed?
>
> Any ideas on the significance, if any of a stronger dollar, but weaker
> bond? Any opinions on the impact on US stocks?
>
> --
> | Gary Funck, Intrepid Technology, gary@xxxxxxxxxxxx, (650) 964-8135
|