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


To: Sully- who wrote (52621)6/4/2002 11:56:25 AM
From: Jim Willie CB  Respond to of 65232
 
many gold stocks rise twice, 2nd time from rising C$ /jw



To: Sully- who wrote (52621)6/4/2002 12:02:27 PM
From: Jim Willie CB  Respond to of 65232
 
extremely sick chart, USDollar (dire bearish)

stockcharts.com[h,a]daolyyay[dd][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G

downtrend accelerating
declining moving averages of all types
broken support at 112
daily stochastics in downtrend (poorer closes)
relative strength declining (versus other currencies)
creating new lower Bollinger Band barriers
20-day Moving Average serving as heavy overhead resistance
rounded parabolic dome top
bounces are each progressively briefer

this is the nightmare
heading to 108 next, having broken the Sept-Oct lows
we are setting up a Head & Shoulder bear pattern
very ominous

my interpretation:
USdollar is leading the way in a worldwide simultaneous currency devaluation relative to the Mother of All Currency,
GOLD
/ jim