SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : P&S and STO Death Blow's
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ajtj99 who wrote (14196)11/7/2002 8:03:00 PM
From: Justa Werkenstiff  Read Replies (2) of 30712
 
AJ: Any "bottom" on the dollar at 105 won't last. Heck, I don't see the first bottom at 105 <g>. It is just a matter of time for the buck. I don't care about the bounces. The trend is clear and it is downtown past 104 and then 103.54 and then all the way down to 90 and maybe more from there.

The dollar had its last "bottom" four days before the July equity market bottom of this year and since then it has been in a supportive flag to the equity markets even at the October equity market "bottom." No more!

The dollar decline some 10% in two months from the May equity market top to the July bottom. Gee, did the dollar help Mr. Retrace. I think so.

Guess what? It is on another one of those legs down. Yep, that bear flag ran up against the 200 week moving average from down under as the upper trendline. The bollingers contracted and down popped the dollar. The last time it traded below the 200 week moving average on such a consistent basis was 1996:

stockcharts.com[r,a]whcayiay[d19941107,20021107][pb20!b50!b200!c20!d20,2!f][vc60][iLb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G

Re: "The USD daily appears to have a very nice down channel forming"

More like a drain pipe <g>.

NDX is easy -- max pain by next week. I don't need charts for that one <g>.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News