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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (279993)3/12/2004 8:41:25 PM
From: Michael Watkins  Read Replies (2) of 436258
 
Interesting read, thanks. I tend to agree with anyone who willingly classifies stocks into tiers of different levels of Junk. lol

Although, more seriously, in general the talking heads have not caught on that there is a change in trend underway on the daily charts of the US$ against many major currencies. Between the Euro and Canadian buck (hey, Canucks are the US largest trading partner, so it does matter), both are right at the point of breaking down vs the US$.

trendvue.com

That range marked out by the two horizontal lines is "it" -- if it breaks down next week as it appears it will, there ought to be a fairly high speed move down for awhile in EUR.

USD-CAD chart is about the same... ready to break out.
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