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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Knighty Tin who wrote (288222)5/27/2004 5:55:15 PM
From: Michael Watkins  Read Replies (1) of 436258
 
hey, it took "them" weeks to recognize that the dollar was going up. Chances are that was near the end LOL

foist things foist, need lower swing highs, lower swing lows. hmnn... accent not so good in print.

USD still in an uptrend (perhaps not for much longer) on weekly charts. Until that rolls over, who knows.

Unless one trades currencies off the monthly chart, in that case, its not in an uptrend. EURUSD in particular did not retrace that deep fro its test of the '98 top 2 months ago -- if it is successful at making another push to higher highs, against the test, and holds, its going to go a lot higher relative to USD.

Not very good for foreign investors in USD stocks or other assets... they could see net no gain even in a rising stock market.

and that means of course...
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