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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: 4figureau who wrote (4171)4/22/2003 11:21:09 AM
From: Jim Willie CB  Read Replies (3) of 5423
 
I see a bearish triangle forming on USDollar, target 95

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

triangle base of 98.7
initial impulse top of 102
total potential of 3.3
next downside target = 98.7 - 3.3 = 95.4

so with a spring swoon, expect a dollar move to around 95
makes sense, and fits with the technical support levels

the wartime rally was even less enthusiastic than the late March pre-war anticipatory rally
I refer only to the dollar
but the S&P chart may look similar

I believe the USDollar is leading the stock indexes now
/ jim
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