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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (6390)6/28/2002 6:32:17 PM
From: Hawkmoon  Respond to of 33421
 
I personally don't believe we'll see the 116 level in the USD index for several years.

Well, the USD may have put in a "hammer" on the 'sticks today indicating a reversal:

quotes.ino.com

And yes.. maybe 116 is a bit optimistic, but we should see 112.

quotes.ino.com

XAU broke below $73 support today and is unlikely to continue holding $70, which suggests consolidation at $60-65 for the uptrend in gold to continue.

Hawk