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

To: Terry Whitman who wrote (13116)6/28/2002 11:21:58 AM
From: marginmike  Read Replies (1) | Respond to of 19219
 
COT has been covering so we shall see.



To: Terry Whitman who wrote (13116)6/28/2002 11:39:33 AM
From: J.T.  Read Replies (6) | Respond to of 19219
 
Nice analogy.

The dollar has bottomed.

charts-d.quote.com:443/1025278788850?User=demo&Pswd=demo&DataType=GIF&Symbol=CEC:DX02U&Interval=60&Permission=82958&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10

The long road back will begin the counter-trend reversal move back to 111 from sub 107 for starters.

Japan and Europe are well behind the US in the economic recovery.

Now is the time Ken.

It is DOLLAR TIME.

Put Larry Williams system to work.

Best Regards, J.T.



To: Terry Whitman who wrote (13116)6/28/2002 1:04:04 PM
From: Steve Lee  Read Replies (1) | Respond to of 19219
 
I agree the smart money is at the bottom of the tub, and the emotional domestic investors at the top.

But don't you think anyone sophisticated enough to be investing in a country other than their own might be classed as smart money? Of course, me being a foreigner could mean I am biased <vbg> but I have been bearish since 2000 (and still am, bounces excepted).

If I am right about this, then the dropping of the dollar signals that there is more bear market to come, for the dollar will rise again in advance of the smart foreign money coming back in (probably about seven years from now).



To: Terry Whitman who wrote (13116)6/28/2002 1:52:46 PM
From: LLCF  Read Replies (1) | Respond to of 19219
 
<I believe the biggest impetus behind this year's market selling has been foreign money pulling out. The falling dollar would tend to confirm that. >

I like that analogy.... the trick will be how long will this last though no??? Foreign buying since '97 up to AND including last year has been staggering. You really think it's done?

DAK


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