Democratic Underground - Hey UIA, I've been thinking....I know it's dangerous when I do that, but

Reply #55: Hey UIA, I've been thinking....I know it's dangerous when I do that, but [View All]

54anickel

(1000+ posts) Send PM | Profile | Ignore

Tue Nov-23-04 11:32 AM
Response to Original message

55. Hey UIA, I've been thinking....I know it's dangerous when I do that, but

how did this pozi scheme get set up? MrU, got me thinking about it...as I reach for the tinfoil...

Japan's year-end is March, that's when they pump up the buck (lowering the yen) as their corporations book their earnings. Last year (my first year of watching the buck this closely) we had much of the same thing.

The buck slides over the holiday, just in time for the year-end booking of profits, then it's free-fall is cushioned just in time for the March year-end in Japan. Then the "narrow channel" gets set up for most of the summer and fall trading again.

Meanwhile, the talking heads are always so certain of a year-end rally. :tinfoilhat: Sort of seems like it's all by design. :shrug:

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Reply #55: Hey UIA, I've been thinking....I know it's dangerous when I do that, but [View All]