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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.92+0.5%Dec 9 4:00 PM EST
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To: fedhead who wrote (152075)1/27/2003 7:30:57 PM
From: Lizzie Tudor  Read Replies (2) of 164684
 
I don't think thats the way it works Anindo. I really don't think you can have a multi-year bear market in the dollar, unless you expect the US to fall into a multi year economic decline ala Japan... I know you might think that, but then you have to ask yourself 1) what will emerge as the global currency of choice if not the dollar, and 2) what economy will take the lead going forward.

I know some really extreme bears are thinking the dollar will collapse and gold will return which supports the gold to $1000 view (or whatever their prediction is, way above here).

For the last 10 years the dollar has oscillated between 80-120 so it isn't even near the bottom of it recent range.

There are just some things that you can't read in a chart imo and now that the entire mkt is really TA people, some of these charts are getting trickier and tricker, remember how pretty much everybody thought the naz had broken down in December.
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