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Strategies & Market Trends : Classic TA Workplace

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To: pressboxjr who wrote (54091)	9/20/2002 1:27:42 AM
From: John Madarasz	Read Replies (1) of 209892

we'll see, it's support now, it's curling up, and usually it's the 3rd test that will fail...not the 1st. Give it time<g> I'm no dollar bull mind you, but i still think people have to RESPECT the longterm uptrend from 1995 until 103.40 is taken out. This thing could go sideways...or up, for a while and surprise a lot of folks. If it does, it could give gold a little trouble, and equities the boost some folks are looking for ST. It bears watching closely for hints towards daily and longer term direction. I was a dollar bull for a while back when things were topping out, based strictly on the charts ONLY...and the dollar stretched out alot farther, and a lot closer to my targets, than almost all the folks who are a heck of a lot smarter than me would allow...who were ALL calling for a TANK way before it ever happened. i think you have to give this index a little room... that wedge i drew could be good for a couple more reversals...or not<g>

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