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Strategies & Market Trends : Drillbits & Bottlerockets

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To: Diana who wrote (9452)4/30/2001 11:22:10 PM
From: John Pitera  Read Replies (2) of 15481
 
The US is the global superpower and the USD is a currency
that people are happy to hold, the Japanese want their
currency lower and the Euro has all these countries with
their divergent fiscal policies, that are hard to
formulate monetary policy around.

There is talk that everyone voting on the ECB has to
agree on a vote to enact a Rate change, and that's a tall
order. It may be unworkable, in the long run.

what investors are not typically equipped for is to have
something like the NASD after it's 70 % decline to have
a very large rally that could go back to it's 200 dma
(which is currently at 2955) and that can occur in
the context of a bear market.

it's normal in terms of mass psychology to see the
action of the past month or 3 months to be much more
predictive of the next 3 or 6 months than it actually
is.
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