Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (1360)	2/20/2004 8:57:41 PM
From: Wade	Read Replies (1) of 48092

Now, you can forecast the future of USD. If you are using TC2000 charting tool, please take a look at the US Dollar Index (DXY0) chart with your TC2000 with linear setting. Then, draw a 500-day linear regression line with parallel lines width of 15. Followed by drawing a 200-dma. You will be amazed to see that the upper parallel line almost perfectly overlapping the 200-dma, which is nearly a linear line as well. The distance between these two lines is 5.9 USD. So, it is very easy to calculate the G7 USD target which is to subtract 5.9 from the value of 200-dma. Other software can draw linear regression line, parallel line and 200-dma can see the exactly the same effect as well. The results further strengthened my believe that USD has been following a coordinated guidance by G7. I believe the intervention will continue. Their recent meeting at Orlando, was only a review of what they have achieved and how to improve their skills. We should expect intensified intervention from G7 to reduce the "extreme volatility" of USD, which means to produce a smoother slide. The big picture of USD movement is still downward. My calculated daily rate of change of USD is negative $0.05924 per trading day. Now, we can forecast the USD value to trade the futures. <VBG> Wade

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