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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: james-rockford who wrote (42691)	1/18/2003 2:21:18 PM
From: james-rockford	Respond to of 43080

Look at this Long term DOW chart: finance.yahoo.com^DJI&d=c&k=c1&a=v&p=s&t=my&l=off&z=m&q=lb To me it is obvious we are eventually headed below 5,000. I hope I am wrong, I'd much rather trade a Bull Market, but...........

To: james-rockford who wrote (42691)	1/18/2003 8:40:02 PM
From: jtech	Respond to of 43080

Thats why I believe we will shortly see the U.S. dollar hit 85.If the fall in the dollar does what it has been doing to the markets were in for a big selloff. We really do need to hit rock bottom before the USA can start to build back up again.If the dollar and market get low enough its a win win for foreign investors.Its going to be painful for many corporations with their pensions revalued down again this year. I watch the usd/chf for direction not the market. I look for the oil and golds to fall just like they did during Desert storm but unlike then, the market rise will be short lived. The markets problem is not because of saddam but our own.