$1.32 Euro Under Construction

Great to see you at the New expo!

Question on today's dollar sell-off outside the risk-appetite theme. TIC data showed a 10-month low is US Treasury holding by China - it seems the worries that Chinese may stop financing US debt are finally materializing. Do you see that as potentially becoming an impediment tofurther USd rally, particularly with EU granting Greece a grace period to address its fiscal crisis?

Still watching that 1.38-3850 former support/resistance range.

GaryD
TradeTheNews

no not yet i think there will be some more usd weekness,which will allow me to close out some cheap stock positions then grab usdcad(have a order @ 1.0385)..i kinda want crude an gold to get higher which will give us a chance to grab more eurusd gbpusd shorts...i think this rally has to do with no details on greece bailout but in the end they can stall all they want but the longer they delay the more theres a risk of a few other things coming home (dubai..portu..spain..)....im learning to follow ashraf to the tee an hes still calling 1.3200eurusd so as long as i use proper margine/acct managment im good to go..thats probaly the biggest thing ive leared from him don;t get greedy an have some patints...gl with ur trades

how does the ecb make greece get a grip on there debt...if they knew how to do it would they not be in this situation or turning to ecb for help...simply delaying the inevitable...im feeling a lil pain but its giving me time to lock in profits off my cheap stocks an soon that $$$ will be rolled into higher eur or cad...gotta look at it as a chance to add to shorts i guess..gl(hey pippedoff don;t forget the lil pl when u get ur own website lol gl)

I'm waiting for Gold to trade in the Tokyo session, but I do have a stop sell at 1119.25.

PPT has DOW up 176 now. They will NOT allow even a down tick in ther markets. That is the sign of panic short-covering.

OOPs, +179 now. 12 minutes remain for the final 21 points.

PPT MUST close stocks at high of the day to install more confidence of longs to put more money into equities to try and sustain the perception of a jobless economic recovery.

The PPT is the Plunge Protection Team, put together to goose the S&P spoos whenever a U.S. stock market rally is necessary to keep Mr. and Mrs. Jones in ther markets and not from bailing out. They have been defending DOW 10,000 like it is the end of the world.

Now up 160 in the DOW. Remember I predicted HOURS ago the PPT would arrive with 1-1/2 hours ago to ensure a plus 200 DOW day. 32 minutes for the final 40 p;oints. Piece of cake for the PPT.

For those of you who do not know, the PPT guarantees select houses against loss from buying the spoos. The houses coordinate their orders to flood the system simultaneously. Their preferred time to do this is always the last 1-1/2 hours of the stock market in the U.S.