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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (1468)7/4/2002 11:10:25 PM
From: Jim Willie CB  Read Replies (1) of 89467
 
USdollar is bouncing for whatever reason (oversold, CB's)
technicians dont care about rational explanations
the chart has its own message
right now the USdollar is at 107
it successfully bounced off 105,
which I described as a very likely place for support to be exhibited
the 20MA is 109, a full 200 pts higher
(200 pts refers to two decimal digits)

a chart to view the recent moves
the descent after June 20 following the horrendous trade gap news set up this deeply oversold condition
at least it is so timed with the descent

stockcharts.com[h,a]daclyyay[dc][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G

I think we will see either a bounce on the dollar
or sideways action
my experience with currency is that after a few steps down, the next action is a surprise counter-trend rally
I would never trade it, but it would coincide with a gold correction downward
that is why I stepped aside

has anyone a website on the recent solar flares?
much appreciated if so
the flare is almost 100,000 miles out
wondering about emotional effects on earth's inhibitants
and financial markets !?!?!?!
/ jim
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