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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (2214)	6/15/2000 7:26:00 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 33421

>>These markets are wearing me out.<< Guess what, they're wearing me out too, and they're probably wearing everyone out...<g> >>At what levels of the US Dollar Index would you be concerned ? Currently they are at 106 and change.<< I just bought the September U.S. Dollar Index yesterday at 106.12 just before the close... I think they've found a decent bottom and I'm expecting the Dollar Index to move higher along with US stocks... Here's the June Dollar Index... commoditiesfutures.com I think if the dollar closes below 105 we could probably expect a continued slide down to 103 or lower... but, I believe the dollar has solid support at 105 and some of my other technical indicators told me that the dollar should be bought here... whether this is a bear bounce or the start of something new, I don't know... at this point I'm playing it as if it's the start of a major rally..... Oh I agree, stocks will probably climb that wall of worry now that there's enough worry to go around for all of us...<g> I'm long the SP futures and short 1490 calls, and I'll just stay the course and know that worry is a normal part of life.....<g> Best Regards, Paul