John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: ahhaha who wrote (9231)	4/2/2008 2:38:00 PM
From: Stoctrash	Read Replies (2) of 33421

<<The dollar walks randomly for all relevant money making purposes. The long term down trend is perfectly in line with randomness. So would an abrupt reversal to the upside be consistent with randomness.>> I know you don't like TA, but check this out. I only use it because it is a chart of Price without a lot of noise. After all Price is the The Ultimate Indicator. stockcharts.com[PA][D][F1!3!!!4!20]&pref=G The dollar is and has been in a long downtrend...going down and down. I can't seem to understand the randomness here. Crat's & Do-good-ers, FED and AG made the fundamental bed...now this shows fundamentals prevailed, like they do in the long run. IMHO, there was nothing random about the eventual LT decline. No? On a side note...what do you think of OIL and how it relates to the America's our situation ? IMHO the ME has us Ass high and bent over the "Barrel" with a half-nelson arm bar just for good measure. One ME oil guy said it best a few weeks ago on CNBS and it went something like this: "The USA only asks "when and where the price will be?"....while China and others only ask "how much can you get us?" I thought the comment rang so telling.

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