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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (51454)	5/14/2002 11:14:46 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

USdollar counter-rally should continue for a little while I see resistance with 50day MovAvg just above here like at 115.5 to 116 depending on the averaging method (simple, exponential) a counter-rally is nothing unusual the 50MA in huuugggge downtrend, and will serve as brick wall major stock indexes are approaching heavy heavy resistance I doubt the situation with non-existent earnings, continuing games with accounting, and brokerage house pumping can keep the game going much longer watching the stock rally is truly saddening not because I dont participate but because of a tragic denial so many are caught fighting in the charred remains of the broken tech bubble any substantial rally in techs represents the clearest bear trap that technical analysts could EVER produce, ever the debt collapse has changed everything the excess capacity has changed everything tech traders deny it all, and continue LIKE DOGS RETURNING AND LAPPING UP THEIR OWN VOMIT wow, CSCO is back to 16+, down from 60 wow, JDSU is fast approaching 4, down from 125 wow, EMC with a few more good days will find 10 again this is like watching a former baseball superstar trying to adapt to pony league pitching after a debilitating stroke broken bubbles bring new leadership 95% of tech traders are so miserable and torn from losses they cannot turn to other sectors, recognizing new leadership they dont seem to learn much I have my own problems learning, but more with types of stocks that I pick meanwhile, silver is soon to break to $6 like days or a couple weeks that should spread to gold, which will halt the USdollar and thus provide more obstacles for stocks has anyone noticed that crude oil is a CH away from breaking out again ??? this time toward $30/barrel I predict this event will interrupt stocks and the dollar / jim