Searle to your question:
Are you using US Patent 5,713,364 or is that patent similar to what I am using? , multivariate regression analysis is used there as the basis for obtaining correlations between measurables and pathologies, in essence the same thing you are doing to forecast gold prices. The turnips, unfortunately have a "farmer's" background and not that sophisticated.
If Greenspan reduces interest rates the "new balance" between the yen and the dollar may be ratcheted down an iota like in the 125 to 140 range, until that happen, however, the differential strength in the US and Japanese economies and the differential in their interest rates will support the yen carry trades and put upward pressure on the dollar, IMHO.
The market is putting up a fight at the 7200-7300 line as I have discussed for the last two months, and if this holds, rallies in the market will also bring rallies in the dollar. If Japan stays frozen, the 156 level could definitely be reached. Very short term, I am afraid that the battle for 7300 will be lost, however, but that depends on the Fed's action, is AG reduces rate, I think we have put a bottom in our equity markets at 7400.
Zeev |
