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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: sciAticA errAticA who wrote (32790)5/1/2003 11:18:19 AM
From: sciAticA errAticA  Read Replies (1) of 74559
 
11:11 ET Dollar Index at lowest level since 1999 : -- Technical -- The Dollar has been under substantial pressure of late with the Index moving to its lowest level since Feb 1999 today. We have previously touched on the subject of a correlation between the performance of the Dollar and the Dow when a divergence develops and we have seen this situation form again. This is not to suggest that a sizeable retreat will take place only that a continuation of Dollar downtrend presents a difficult environment for the Dow to try and extend the recent advance.

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