OTCQB:UEXCF - Post by User
Post by
daniel52on Aug 16, 2007 6:45am
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Post# 13253740
Yen collapeses to 113/114
Yen collapeses to 113/114Serious major resistance falls in Europe equities and in currency trade and ratios.
If the US S&P drops below 1380 this will be a major barrier to the downside that is violated. Major London FTSE resistance broken to the downside.
Liquidity is GONE unless the Fed lowers interest rates and Ber. came out and said yesterday - 'No way'. In essence the Fed is saying that the market must fix its own problems. I find this hard to believe having Greenspan around for so long to spoon feed the markets every need.
Very interesting. I call a BOUNCE here! (smile).