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Boris Chikvashvili

Boris Chikvashvili

Boris Chikvashvili was supposed to be a theoretical physicist (Russia+Jerusalem Hebrew University, MS Physics, with distinction, toyed with QUARKS). Somewhere on the road to PHD…

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Shekels on Dollar


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Dear Readers (especially Israeli Readers), Since Dec 2006? our target for SHEKEL was 3.78 Dollars Per Shekel. Congrats, we have arrived. As I write this post Shekel Stands Exactly at 3.78! Now, we expect the SHEKEL to have some more strength and TOP at 3.50 - 370 area within two weeks of JEWISH PASSOVER April 21 2008. This was the time aimed initially as well. Shekel will decline for 2-3 years thereafter with inital target 4.50(2009) and 4.80(2012). TA-100 will suffer considerably as foreigners start taking their money home, but could be helped later by weak SHEKEL.

Decouple This!
All Readers, implications of this are worldwide, why? Israel, like all other near developed countries benefited from low Dollar and capital inflows were high. That is about to END, and the world can not shrug off the economy consuming close to 1/4 of world GDP. When America dives, Everyone will dive with it. All who call for BRIC decoupling from USA are nuts! Another implication this has is that Dollar, while turning, will/can not honestly take off till April 2008.

Start your morning at this Grouptation updated (thanks Ivan) Link, put it in your favorite list for asset oscillators (MSFT EXCEL is required, Contains GOLD,ENERGY,SP500,NDX100,URANIUMS,DOLLAR,REITS,BANKS,PIPELINES etc. We build oscillators on over 70 different groups).

Visit us for more detailed Intraday Market projections and commentary at http://borisc.blogspot.com It is all FREE, for the great 12 Century Poet and Philosopher SHOTA RUSTAVELY said "YOU FIND WHAT YOU GIVE, ALL ELSE IS LOST"

 

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