That is called short covering on those that took a short position based on a .25
Seen the Peso? 1.487
ouch... look for 1.5... that is the record....
and my bet? Short the dollar after this move. 1.51 1.52 where ever it ends.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, January 30, 2008
nice market action....
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