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Chart Analysis + The Manipulation Factor
As the dollar headed south over the last 6 months, many wondered if it was about to collapse. Hedge funds, mutual fund managers, individual traders and investors had and are still short the dollar. The rally since March has coincided directly with the fall in the dollar. The yearly highs on the dollar were made in the first week of March and sure enough, the low of 666 on the S&P was also hit in the first week of March. Clearly, the rally has been a re inflation rally but there are other factors at work. The Federal Reserve has…
19Aug2009 | Guest Contributor | 0 comments | Continued
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