MESSAGE FROM JACKO 421

It is 1.00am NY time Thursday August 6 and the market is at 1.4404

This market is so dull even my parrot has fallen off his perch with boredom. I am still confident that we will hit my target of 1.4300.
Until then I am staying out of the market as this market is just churning up and down and taking out scalpers and daytraders Stop Losses. (The market psychology is that the market doesn't go very far in their favour, so they don't take the profits .... because they don't think the profits are substantial enough. But then the market reverses and goes against them and takes out their smallish Stop Losses with great regularity...)

Edit 3.05am NY time Market at 1.4394 Oh my god...the market has moved... Hallelujah !!! I am still confident that this will move down to my target of 1.4300 as part of the move down to the Resistance line turned Support for a "confirmation" touch

Edit 8.00am NY time Market at 1.4382 Market has been looking weaker in the last 6 hours...It has been having trouble trying to get above 1.4400..without any success. I am STILL hopeful of getting my target soon. This market has been trading in a tiny range since Monday lunchtime but seems to be gradually moving my way

Edit 12.20pm NY time Market at 1.4340 The market is slowly moving down. I will be watching as it gets down to my target area of 1.4300 for the best price to buy.

NOTE...I will be slow on emails today. (I am currently checking that all the Statements for the Fund are correct and being sent out to each of the investors. It is the end of the July quarter for the Fund)

Email

Email 1
You have taught me the smart money is the central banks followed by the huge hedge funds. Yes
Recent price action (PA) is very interesting. The PA has seemed to move counter-intuitively to fundamental news (notably, first the US Advance GDP q/q and, later, the US Pending Home Sales m/m). Yes, that is the "faster" money of the hedge funds and Investent banks looking at riskier asset to get the higher short term returns which is over-riding the normal moves after such news
I can see no answer other than revisions to previously reported numbers affecting the PA as they are baked in -OR- there are now sharks in the water (i.e., central banks). I am of the opposite opinion...I think that the biggest player (China) is sitting on the sidelines but will move in soon to protect its USD holdings
Could it be that the recently wrapped conference has given way to some repositioning by central banks? China doesnt get heavily involved in the markets every day, but the Politburo no doubt has a level it does not want the USD to go past...and the higher the Euro and other pairs go (and the lower the USD goes) the closer we are to another round of USD strengthening...just like a year ago this week
Regardless, does or should this interest us? Only as a background knowledge and to put the moves into "context"
If not obvious in my question - if sharks are in the water now instead of small fish; do we shift from a waiting / coaxing posture (that visual metaphor of the fish and our hook) to a different one? China is the biggest elephant in the forex room now..but the China sovereign funds play a more subtle game than the US "smash and grab" investment banks...but never underestimate the clout China now has. The USD will go where China wants it to go. China is holding $2Trillion in AAA+ assets while the US is now the most indebted nation on earth.
China now has the power to crush the USD but it would be counterproductive to what China wants. China wants a STRONG USD so that China can continue to sell toys, clothes and other trinkets to the US consumer, while it accumulates the largest holding of US securities in history and gut American manufacturing industries. ... I am not saying it is right or wrong...But it is just what is happening