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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (169764)6/3/2002 8:31:48 AM
From: John Pitera  Read Replies (3) of 436258
 
The Dollar bear market is not over imo. But we have been trending very well in the US the past couple of months.

why not a little countertrend rally.

And since the USD has been trending downward most of this year, a countertrend rally could and would take several weeks when we get one.

Notice that the US stocks with overseas earnings drivers like G, KO, and PG all had big pops on Friday and that was on the back of the US Dollar rally on Friday.

JP
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