John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Logain Ablar who wrote (6259)	6/6/2002 12:54:14 AM
From: John Pitera	Read Replies (3) of 33421

I hear what you're saying and conventional TA would look at charts like AIG and C as breaking down. I'm looking at the USD index and it's generated a double momentum divergence buy signal. So The USD is going to rally. the question is will this rally be met with heavy foreign investor selling. This remains to be seen. I'd say that the heavy duty selling of US equities in the past month has been due to asset flight out of USD denominated assets. There is cash on the sidelines, so we'll have to see If a bounce up in the USD then creates some confidence in the institutions upping their US equity allocation. Gold has been trading lower the past several days and the Goldmining stocks gave us a heads up on that. Are the Financial Markets simply a question of knowing which other market to look at to lead the Market that you want to invest and Trade in? go ask H. Vol. if he's around. He should be able to answer that. J

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