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Strategies & Market Trends : Strictly: Drilling II

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To: t4texas who wrote (6120)1/7/2002 3:15:36 AM
From: nspolar  Read Replies (1) of 36161
 
The dollar.

I have been watching with keen interest lately. Is this it? Will it really keep going down this time? We'll see what happens when NY opens tomorrow, as so far this evening it isn't doing too well.

stockcharts.com[l,a]daclyiay[dc][pb50!b200][vc60][iUb12!Lh12,3]

Interestingly enough decisionpoint recently came out with some monthly index charts, with their PMO analyses applied. These are for IT to LT viewpoints. Their index charts in my opinion are very simple/effective to apply.

At a quick glance one of the very few stock indexes in an uptrend is the XAU. Most others are decidedly down.

One currency index that appears to be in the process of reversing, to the downward side, is the USD index. A currency that appears to be bottoming is the Aussie buck. The Canadien dollar isn't far behind. The Euro and the BPound appear to have bottomed.
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