EUR/USD: Shortie's comment influenced me to trade it last night on long side, and it handed me a loss (stopped me right at bottom of the retreat). This stupid thing then went up 180 pips from that level. I am going to try my luck shorting it. It is now at 1.4278. Shortie: if you have been selling the dollar, could you give a break to those of us who are buying it with the hope to make some nickels? If I were the boss, I would consider firing Ben. The situation of the dollar is shameful. Even the singaporean dollar is heading to parity with the dollar. I feel very poor.
relative weakness in QQQQ. is this a sign for the shorts to load up the truck? SPY +1.78% QQQQ +1.13%
don't listen to my comments. i am even less predictable than a random number generator. i just looked at SPY:UDN chart (spy in constant dollars). today we broke the high from early Sep. not sure what to make out of this. it seems the market is showing strength that can't be explained the weak dollar. but QQQQ appears weak...