I hope that isn't a symmetric triangle that just broke downward, because if it is, well, all hel_l is going to break loose.....

Potentially as low as 62, if the "staff" on that pennant is in play, a devaluation over the next month or so of another 15%.

good luck to bulls, bears, and pigs

Edited April 11, 200818 yr by bingobongo

Well your Yankee dollars are now deemed an 'unfit' currency.

All the oil companies are going to start trading in Euro's soon, then there will be no need for anyone on the planet to buy these dollar things.

Think Zimbabwe, think hyperinflation, give it a year or 2 and they will have to drop a few zeros from the dollar demoninations.

$1,000 for a beer in Thailand?? Coming soon

so you are shorting $ now ? and against what currency ?

so you are shorting $ now ? and against what currency ?

All of 'em

Against the Thai baht is my 'gamble'. It is as strong as it ever could be. For how long, now that is the question!

is anyone not against the dollar now? once everyone gets to one side you not only have to be right, you also need an exit point.

Personally I don't see that much more downside for the US$ now, at least not against the EUR and JPY