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Strategies & Market Trends : Natural Resource Stocks

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To: Bert who wrote (2118)	10/16/2003 11:23:22 PM
From: big guy	Read Replies (2) of 108824

Take a look at the Euro, Yen, and Aussie dollar daily charts compared to the US dollar chart Bert. Use a few of your favorite indicators ( I'm looking at MACD and RSI) and tell me what you see. I see weakness in the first three and strength in the latter. Maybe a test of the breakouts in the first three giving the dollar some temporary strength which should bring gold down. Now look at the POG chart. Is that a H&S pattern with a neckline in the $370 area? If it is and the neck is broken it would bring spot down to the area of the apex of the big triangle breakout and also fill a open gap. Damn Yankees just tied the game.

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