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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Lone Ranger who wrote (14526)	11/11/2002 1:04:02 AM
From: mishedlo	Read Replies (2) \| Respond to of 30712

Hopefully a soft dollar landing will occur. Why? the quicker the fall the lower we go and the faster we get to the bottom. I hope to heck that the us$ plunges totally out of control. Hopefully to the point of irrationality. M

To: Lone Ranger who wrote (14526)	11/11/2002 7:33:29 AM
From: Justa Werkenstiff	Read Replies (3) \| Respond to of 30712

LR: Re: "Hopefully a soft dollar landing will occur." Based upon historical price action in the dollar what we are going through now is more likely a hard(er) landing. A hard landing does not mean a crash -- a one or two day event. It is a sustained and relentless move down way above the historical norm on a consistent basis. I have posted how this has been the case this year. On the monthly, the dollar is under three black crows; on the weekly, it is in the midst of three inside down; on the daily it has three imperfect crows. This ranks up there as one of the most bearish charts out there. Dollar at 104.23 as I type which is a new low for the move. LOD is at 104.12. Let's take a snap shot. Now in ten trading days, the dollar has declined`3.90% from peak to trough. Historically, MONTHLY declines over 4.05% have happened ONLY 1% of the time -- a rare event. And we have a achieved close to that decline in ten trading days. So the snapshot indicates a historical dollar event in the making. But I suspect that people won't really notice until the dollar takes out its July lows of 103.54.