P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: Justa Werkenstiff who wrote (502)	5/17/2002 3:51:28 PM
From: nikko_thyme	Read Replies (1) of 30712

Bernie Schaeffer: A Deteriorating Dollar? "The 114 level is significant once again, having held as support for the past two weeks. A break of this area, however, could be quite detrimental. The DX/Y has already gapped below the 115.97 mark last month and has failed to fill this gap. This level represented a 50-percent correction between the index's recent low and high. The above factors lead me to worry that the dollar is currently in a fairly precarious place. Needless to say, a major breakdown in the currency would be bearish for both stocks and bonds, and bullish for gold and gold stocks (as was the dollar's decline in the 1980s). " - Bernie Schaeffer schaefferresearch.com

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