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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject2/28/2003 5:43:19 AM
From: jimsioi   of 36161
 
The Dollar: Where we find it tonight

The Dollar, having faked with a break of 99.40 last night is back at 100 or slightly there under with what looks like tenacious overhead at the PAR level.

charts-d.quote.com:443/1018861645530?User=demo&Pswd=demo&DataType=GIF&Symbol=INDEX:DX00Y&Interval=60&Permission=342490&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10

Up and through 100 and the $2 overnight rally in GOLD, if it needed further reason, would become suspect.

Gallmore's work on commodities revels continued deterioration in the Trend and Momentum indicators for
most commodities and the CRB index itself. The Soybean complex is an exception. Gold's Trend indicator after a brief flirtation with a turn has succumbed to further weakness as would have been anticipated given the
bearish Momentum indications persistent.

chartingyourfutures.com
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