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Thread: The Carry Trade: Buy or Sell?

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#6 (permalink)

10-23-2007, 03:11 AM

DailyFX Analyst DailyFX Analyst is offline

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All of these bounces in the carry look very corrective in nature suggesting that we may at least retest the lows. This pretty much points to the Dow going lower.

Interestingly enough the guru of Dow Theory Richard Russell
http://www.marketwatch.com/news/stor...5C95CAFB71E%7D
thinks we are going to test 200 SMA which means that EURJPY may see 159

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