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ya think?

IMHO, this correction is too long in coming. The longer it draws out the more protracted the pain, but that's how we like to take our pain in this country - long and drawn out. A house is a place to live. A mortgage provides you with a way to buy the house. When buying is cheaper than...

I like that thought... that the japs are trying to hide their recovery. I do agree with the fundamentals of what you say, but one of the reasons for my initial posts was to comment on the technicals which (as is often the case with the yen) fly in the face of reality. arco, I like the...

sorry... no link yet. in print now.

Nope, sorry, capital inflows will continue throughout q1 2007. Its after small investor money flows in that the pig will remove her lipstick. However, the VERY important question is that will there be enough favorable technicals and momentum that people won't care? I've thrown up my...

Yes, we are arrogant in the USA. But don't forget that for now, we control the game, so there is some credence to that arrogance. Its wonderful that you can buy a device that was manufactured to specs and technology that were designed in the USA for 25% as an 'off label' pirated product...

good chart. i have posted extensively on this subject previously. FWIW, India and China look to be in the vertical portion of that chart these days.

Nobody here trades the cross?

Hey man, if you're hungry, sometimes ya just gotta eat.

ummm... reminds me of that old newlywed game show moment on live TV: "Where was the strangest place you ever made love?" "uh, that would have to be up the ____, bob." Homie don't play that, sorry.

Not in this scenario. Any correction gets bought hard. Hell, I'll be one of the buyers. (but I do got those 9200 puts that I bought for like nothing just in case I really was right all along. I'll take my (alpha-1%) so I can sleep well at night, thanks)

Dude, you're right. But it doesn't matter since it's 100% up room to go buy buy buy and forget about the fundamentals - its different this time. The bond market is gyrating more stupidly than a drunk stripper, and people are just looking at the equity run up going hmmm.... maybe I...

Read the wired magazine article this month about bots... very interesting and scary stuff. Maybe it is trying to hijack trader's pw's?

Newbs beware the zigzag... it looks great until you use it in real time and find out that it shifts back and forth according to the price action... Watch it a little first....

OK. Sorry, but trying to make a point here. If we presume that EUR/JPY remains rangebound for the foreseeable future, perhaps with a midpoint price of 149.25, and USD/JPY continues its uptrend (target price of 120), the reciprocal EUR/USD price is targeted at 1.2437. If the Yen trend is...

And here is the weekly:

OK, we're getting there. Now look at EUR/USD. Here's the daily:

So then, look at USD/JPY. While we all know the yen pretty much does what it wants, you can't disagree that at least at present, it is in a pretty well established uptrend since May.

And here is the weekly. Look at that run up after breaking out of that long term triangle.

Sorry, couldn't quickly find a recent thread on this. I think I said a few months ago that the cross seemed to be driving the market in USD for the two majors. Still think that way. Got a chance to reexamine my charts and will post here. Take a look at EUR/JPY which is definately...