20 January 2007

Yugo Euro



As you can see from this chart of the front month Euro/US$ dollar futures contract, whoever missed that surprise Thanksgiving Day breakout has now got their chance to hit that buy button or load up the truck per uber-maniac Jim Cramer...all the longs who didn't take profits are now even and a bit nervous so we may correct a bit into that base or at least meander at this support inflicting cost of carry on those longs.

The all time highs loom just past the $1.36 level and one has to figure they'll shoot for those sometime this year...jfg.