Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (9325)	8/9/2001 7:53:07 PM
From: Sergio H	Read Replies (3) of 13094

Jim, there is no question that a weak US dollar will have a strong negative impact... not only here. At the present juncture, the world is dependent on a strong US economy in order to avoid a global recession. We are experiencing a tug or war between the currencies. Japanase yen hit a six week high, Eurodollar enthusiasm is growing on the basis that the Euro bank has some more room to lower interest rates and the US dollar has been near historic highs. In relative terms, the US dollar is in need of a trim and investors are not wrong in taking the trading opportunities when they present themselves. A pending substained rally in gold will be more convincing when there's compelling evidence that a foreign market will provide stronger growth and safety than our market. I am sure that at that time we will see divergence in the price of gold from other precious metals. A signal that we are not experiencing at this time. William mentioned the outflow from foreign investment that we will experience when our market is no longer number one. It's a double whammy. The market will be hurt by the loss of investment money but also by the lower relative value of the dollar. Something for the next generation to keep an ey on, IMO. Sergio ps for the gentleman than asked me about a good thread for small caps....there's a lot of good threads, including this one and the three amigo thread, but the best thing is to use every source you can find to help you make your own decisions and develop your own style.

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