MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: nsumir81 who wrote (18523)	3/15/2004 4:22:19 PM
From: Ken Reidy	of 19219

Yes Nsumir...it is fascinating to watch. Since my last post on 2/24....the dollar has had a nice rally and the stockmarket has been hit very hard. The dollar should be headed down very soon....as the Japanese announced today that they are considering curtailing their large dollar intervention program. The dollar may weaken...and this may lead to a bounce in the market. One of these days however, the stock markets are going to start trading in the same direction as the dollar....and as the dollar falls....the stock markets will fall. This will be very ugly...and some exposure to precious metals will be prudent. Even if this scenerio does not play out and the precious metals end up being a poor investment....the insurance and broader diversification they offer will have made a precious metal investment a sound investment strategy.

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