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Strategies & Market Trends : Ride the Tiger with CD

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To: Taikun who wrote (59605)	10/28/2006 10:43:02 PM
From: jennifersilversun	Read Replies (2) of 312482

So, the Swiss Franc is above its 5 week EMA, the US dollar is below is 7 wk EMA, and Oil is below its 12 week EMA but rising. The dollar's weakness relative to its 7 week EMA is recent, as its oil's rise. Buy gold? Or wait a week for a trend to be confirmed? To wait for all three indicators to flash green might be to jump aboard the train after it's left the station. Btw, in earlier response to this posting of Taikun's pointed out that the Swissies no longer had a gold-backed currency. Whether or not the markets had temporarily or permanently delisted the CHF as the safe haven currency is the subject of this marketwatch article: cbs.marketwatch.com Btw, I'm not a technical analyst nor do I play one on tv.

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