How far will they let the dollar drop before the Fed Res and PPT let the market drop 200 pts?
By Daniel at 16 November, 2009, 1:51 pm
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A correction is due this week.
This chart somewhat correlates with the up and down days of the market. When the dollar gets too low, a market correction occurs to bounce it back up for a bit, then as soon as the market is pumped again, it tanks again. We are currently in a dip. We’ve got some wiggle room, but a few days only, then a -200pt correction is bound to occur.
http://www.bloomberg.com/apps/cbuilder?ticker1=DXY%3AIND
- theredsea
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