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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (53313)	9/15/2002 11:04:36 PM
From: John Madarasz	Respond to of 209892

An inverted head and shoulder formation is a a reversal pattern by definition. This one was drawn at HUGE support. The long term trend is technically still UP since 1995, and will remain that way until 103.5 gets taken out decisively. The dollar appears to have found its feet again, due first, yet only in part, to a poor report by the LFO Institute on the business climate in the German economy. And, it is dollar strength that provides opportunity aplenty for the chief irrigation specialist at the Federal Reserve. Every time he opens the gates, there are ditches being filled everywhere. I do not suppose that the proximity to the US general election and a genuine threat of war will have him belying what has been his nature.