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Strategies & Market Trends : Charts & Scans

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To: Lazarus_Long who wrote (2843)4/29/2003 8:59:08 PM
From: Jeff Jordan  Read Replies (1) of 5125
 
I noticed the dollar weakened rapidly again today? I think the dollar needs to be stronger for this rally to be real?

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in-god-we-trust.com
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in-god-we-trust.com

From INO.com market summary:

The June Dollar posted a key reversal down on Tuesday and the low-range close sets the stage for a steady to lower opening on Wednesday. If this month's decline continues, March's low crossing at .9805 is June's next target. Stochastics and the RSI are oversold but remain bearish signaling that sideways to lower prices are possible into early-May. Closes above last Monday's high at 100.15 would temper the near-term bearish outlook in the market.
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