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Strategies & Market Trends : Drillbits & Bottlerockets

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To: Poet who wrote (8572)	4/20/2001 10:04:18 AM
From: John Pitera	Read Replies (1) of 15481

LOL........ I have a story to tell you about that.... but it's more of a weekend story. The USD broke down from it's uptrend yesterday and 1 thing I notice each of the 4 tops since last nov near 118 have been lower... not a lot lower from the previous top but lower. I have studies thousands of commodity charts over the years and sometimes that's a big tell when you are at a resistance point but it's not really a horizontal line but a descending one. just something to keep and eye on . The Brazilian Real also is selling off to new all time lows, as the central bank raises rates 50 points to 16.25 and Argentinian bonds are falling off a cliff. so some things to pay attention to.

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