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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (13110)	6/28/2002 10:17:50 AM
From: High-Tech East	Read Replies (3) \| Respond to of 19219

... Terry, what is interesting to me about the dollar from a TA and Larry Williams point of view is the continuing huge bullish set-up on the weekly U.S. Dollar Index futures chart ... ADX ... 66.59 - strongly bullish here stochastics ... %K @ 4.04, %D @ 5.31 - strongly bullish commercials ... 94 - strongly bullish public sentiment ... 23 - strongly bullish ... the bullish set-up has been strong since May, while at the same time, the dollar has plummeted ... and while it is not unusual for set-ups to be early for futures in general, early by 2 months is a long time ... the dollar may rally soon or maybe not until November ... but when it does, equities should rally big-time ... ... and I intend to be long the dollar when the trend changes and has proven itself ... however, the long term prospects for the dollar are poor in my view ... it may be a few years before it really bottoms ... at least in my opinion ... Ken Wilson ... by the way, I also believe a significant worsening of the economy (the double-dip) will be cleary upon us before the end of calendar 2002 ...