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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.66

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Jan 16 4:00 PM EST

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To: Johnny Canuck who wrote (37386)	6/21/2002 11:31:22 AM
From: Johnny Canuck	Read Replies (4) of 69873

[madtrader] Thu Jun 20, 4:13pm PDT CRASH $DXC I am probably going to get some egg on my face for this. But that's okay. Just want to throw this out there. I have been monitoring the trading in the US dollar, $DXC (US dollar cash). And secretly hoping it wouldn't come to this. But I just cannot be in denial about this any more. The dollar has broken the long uptrend that started way back in early 1995. Or the start of the major rally in both the DJI and COMPX. I am not smart enough to figure out why the bonds are not reacting as badly as the stocks yet (they did get hammered today as well). But this surely raises the alarm in my head about what happened in 1987. The crash of the dollar lead to the crash of bonds, and of course the crash of stocks. I am suggesting that the dollar is in the process of crashing! Bonds can't be too far behind, and as for stocks? DJI is still more than a 1000 points above the recent lows, and COMPX just might trade all the way down to 1000 if such a crash indeed takes place. Unfortunately, I have under-estimated the slow or lack of reaction by the US government in restoring market confidence. We are going to see some blood bath in the next few weeks ahead. none [Harry: Has anyone seen similar assertions on the TV and cable? The more we hear about this kind of thinking the closer we are to a meaningful bottom. Of couse there is the danger of this being a self fulfilling prophecy.]

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