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

To: stockman_scott who wrote (51687)	5/18/2002 7:43:16 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

From: Susan G Saturday, May 18, 2002 7:21 PM Bernie Schaeffer article on the weakness in the dollar. "The 114 level is significant once again, having held as support for the past two weeks. A break of this area, however, could be quite detrimental. The DX/Y has already gapped below the 115.97 mark last month and has failed to fill this gap. This level represented a 50-percent correction between the index's recent low and high. The above factors lead me to worry that the dollar is currently in a fairly precarious place. Needless to say, a major breakdown in the currency would be bearish for both stocks and bonds, and bullish for gold and gold stocks (as was the dollar's decline in the 1980s). " - Bernie Schaeffer schaefferresearch.com This link only leads to the front page, but you will find the dollar article in the lower right. I'd call it a complete breakdown on the weekly, but it's got to bounce soon! mywebpages.comcast.net