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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (64338)5/8/2002 10:49:12 PM
From: t2  Read Replies (1) | Respond to of 99280
 
Justa, Have you done any TA on the US$ index. It has gone up 2 days in a row after the severe decline.
Does it look ready to head down again? Right now, seems to be pushing up against 115.

The bond selloff today did not agree with the dollar strength today. Looked more and more like a shift of funds from bonds to equities...less like any bailing out of the US currency. As soon as this rally ends, that may be the start of the next phase of the down move in the dollar, imho.

quotes.ino.com



To: Justa Werkenstiff who wrote (64338)5/8/2002 10:49:23 PM
From: ajtj99  Read Replies (2) | Respond to of 99280
 
Justa, I think this rally is more than likely the real deal, and as such may have another 10% beyond today waiting.

We get to test the gap first, then we'll know. I give it 10-15 trading days to get over with before we start our descent again, possibly after testing the COMP 1947/1890 level.


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