Today’s Call: USD to rise vs. Euro. Currently 0.6981.
Rationale – Emergency meeting called in Luxembourg to presumably bail out Greece once again. Expected intervention to prop up the dollar under guise of bailing out Greece.
Result of Call for May 3, 2011: Avon Products (AVP) to fall. Was $30.91, Currently $29.04. Good Call.
Calls to Date: Good Calls: 13, Bad Calls: 10, Batting .565