Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Robin Plunder who wrote (87797)	6/28/2002 7:38:22 AM
From: Justa Werkenstiff	Read Replies (2) of 99280

Robin: I got a new target on the dollar. It is 90.57 or the 1998 lows. Look at the monthly. You got three ugly crows. The last crow is the longest. Suggests the move is accelerating. Sometimes you can get a bounce off the third crow but that is a lower probability event now in my mind given the accelerating trend. Only the PPT knows how to play this thing. Anyone who has said that things can't go straight down has not seen the dollar the past three months. I saw a significantly lower dollar quite early in its trend. But the speed of the decline has surprised me. Interesting how the PPT is supporting the market at juncture but there is no support for the dollar.

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