Friday, September 21, 2007

Chart Focus : Observations on Correlations

Will the Dollar Index ever retrace? It seems like almost every other currency has been treating the USD like a worthless piece of paper except for one....the GBPUSD. So here's the plan, i'm expecting a retracement to occur on the selling real soon, and most likely the worst hit will be GBPUSD. Considering its weakness and what not. So when it comes, i'll remind myself...short the Cable, just hope we don't break the circuits.

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