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Non-Tech : The Woodshed
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To: crustyoldprospector who wrote (6153)5/6/2004 8:23:13 PM
From: Shack  Read Replies (1) of 60913
 
Just to clarify crusty, I am less interested in the island reversal as I am in the simple idea that the dollar should not make another high here if it is still pointing down in the short to intermediate term. If it does it has a real good chance of being in the 'iii' of '3' of the move off the early year lows. And you'll know pretty quick if this is the case as it would be a very fast and powerful looking move. Not to mention the fact that it would break the big down channel off the early 2002 highs. I suspect we will see a move back to 100 if this is the case.

I am still a bull on the miners, but like you've heard me say, I think there's a good chance they are going to correct the move out of the 2000 lows here.
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