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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (36615)5/30/2002 8:46:42 PM
From: Square_Dealings  Respond to of 52237
 
Maybe a one or two day pause here but I agree, dollar is going a lot lower.

staying long Euro, Swiss and Canadian.

M.



To: ajtj99 who wrote (36615)5/30/2002 9:25:29 PM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
Yes, an oversold bounce. The USD looks like a doji star, and combined with the evening star in the HUI and the weakness in gold, I'd bet on a halt in the dollar slide here, maybe for more than a few days. But be it three days or three weeks, the dollar will at some point resume its trend down.

I think the 1995 trendline at about 103 is a good target at this point. Here's an old chart:

cache.wsrn.com


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