Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (10571)	5/10/2001 12:37:45 PM
From: Augustus Gloop	Read Replies (1) \| Respond to of 15481

Yes it's unfortunate! Pounds and quarter pounds have been going through the roof! <g>

To: Rich1 who wrote (10571)	5/10/2001 1:45:38 PM
From: John Pitera	Read Replies (1) \| Respond to of 15481

looking at the GBP/$ daily chart, it could move back up to the upper end of it's trading range back at 1.44 -1.4470 I could believe that, and that would be a healthy move if it does, I do think it does not go above 1.45 and heads back to 1.40 or lower intermediate term, so since the bigger force is down, it is something of a contra trend trade, but it's all relative to time frames etc. the USD is at resistance, if they sell it at resistance, it will help the rally in the GBP you are pondering.