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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (11517)	4/8/2002 11:15:03 AM
From: yard_man	Respond to of 19219

I don't think the dollar responds in short order to news items like that, JT. The currency markets are simply bigger than that, IMO. Honestly, I think many of the things that actually move currency exchange rates over the shorter time frames are hidden from our view --- Longer term items and effects are about all we can look at -- i.e. current account deficit, spreads between interest rates, CB policies and general macro news. IBM's warning has little real macro implications as far as the masses are concerned Contrary to what has been discussed by many -- I think we are in a situation where an improvement in the current account deficit, which I do expect to start this year, will result in a falling dollar.