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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who started this subject12/2/2000 1:14:48 AM
From: Square_Dealings  Read Replies (2) of 42787
 
Haven't seen anyone mention the $USD yet. Broke rising trend line today. I think it explains at least some of the continued weakness today in the market. Not only are pc sales going to slow down but parts costs are going to go up.

stockcharts.com

Near term negative for stocks. The market can go up for real only after the dollar falls back in line with other world currencies and fed lowers interest rates. Not sure how low the dollar has to come down to trigger a rate cut, but seems like it would need to be significantly lower first imo.

M.
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