The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (665)	8/2/2007 10:07:15 AM
From: stan_hughes	Read Replies (1) of 71456

Predictions are for clowns we know, but that "megaphone top" thing has sure worked out so far -- so how about another prognostication on the fly for entertainment value? Can't let you or PS and Westie be the only objects of public mockery LOL I don't know about you but I didn't buy that crap yesterday as being anything even remotely looking like a genuine washout. On the contrary, the market is still weak, and I can see a sawtooth in the making here -- we already had the 1550->1450 move, we're working on the recovery to 1490, following which another downdraft from ~1490->~1390 could be expected where there is obvious price support. You can adjust the size of the sawtooth upward and therefore the ultimate downside target, but it shouldn't be too far off those points. The 1400 round number has psychological value not to mention that a move under 1400 would represent more or less a 10% correction from the top, which should suck in a bunch more dip buyers who have been anxiously waiting for exactly that. Just for the record I'm not putting my money where my mouth is on this -- I'm still hiding in Canadian junior gold/zinc explorers, CanRoys and CDN$ cash

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