Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (12349)	5/11/2003 11:36:49 AM
From: James Strauss	Read Replies (2) of 13094

Gold is the flipside of the collapse of the dollar, as we have talked about previously. The Bush lite people keep chanting the "we want to maintain a strong dollar" mantra, but the reality is they need a weak dollar to jump start the industrial sector, where the jobs are. As always, forget what the say, watch what the do.... Dollar at a new 4 year low vs the Euro.... William: The XAU looks looks like it wants to retest the 80 area... bigcharts.marketwatch.com The European Central Bank didn't lower rates... This will keep their rates more attractive vs ours... This continues to support the lower dollar, and conversely, rising gold prices... The Friday market performance on low volume still leaves questions about market direction... On the positive side 921 support held... 954 and 965 are the next trendline resistance points... A break above those levels sets up a move to the 1100 area... Short term support is in the 900 area... bigcharts.marketwatch.com Jim

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