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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Clappy who wrote (50853)5/2/2002 1:57:24 PM
From: Jim Willie CB  Read Replies (2) of 65232
 
US$ looks to me more like a "rounded top"
the wedge is holding for now, as you point out
notice how the Bollinger Band held up in support

to be real honest, I hope you are right
I would like another six months of savings toward silver positions
once the dollar breaks down, the momentum will be astounding downhill

I hope the dollar holds up until late 2003
but it dont like that will happen
unless US stock market recovers
unless US economy follows up with a real recovery
unless world peace breaks out
unless Japan fixes its banking problem
unless US corporate and household debts are resolved

sounds like a moron's wish list to me
no, the USdollar is on its last legs
gonna take time for a world store of value to break
but the psychology is already breaking down
in the dollar trade debt
in the US leadership prestige
in the confidence behind US stocks
/ jim
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