[J. Abizeid]

Originally Posted by admiral

Euro is having a nice rally in the last few days , let us watch and see if this is a merely "dead cat bounce" or this rally has really strong legs to support it , as mentioned before the next level for the euro to break is the 1.30 to 1.3255 level , if this level is broken the Euro will be heading towards the 1.3768 level which is also a strong resistance to break .

if the 1.30 -1.325 is not broken the euro will be heading down again to the 1.25 area.

As soon as The Asian market opened on a positive note, the euro hit $1.3182 in anticipation of a DOW rally tomorrow.
I have a good idea what the equation is: The US market deflated down to its real size so far.
It will eventually inflate again only with the dollar deflation in order to hold its effective value.
The DOW could double overnight if each dollar becomes split in two small ones with the effective value of one.
Once again, it’s a dollar game.
I think it’s foolish for someone to hold cash dollars; either invest in the relatively cheap US stock market or get out of the dollar all together.

Thank you for monitoring the market. I think it will become very exciting during the next few weeks.