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

To: Alex MG who wrote (16715)	3/28/2003 12:49:33 PM
From: Alex MG	Read Replies (1) \| Respond to of 19219

12:45 ET Dollar lower, Gold FLYING! : The Dollar continues to lose ground vs. the Euro as investors seem to remember how they didn't hedge any wildcards over last weekend and ended up getting burned (Dollar fell 1+% on Monday). Flows are moderate and the Euro is holding well above support at $1.0720. A weekly close above here will be bearish for the Dollar as it could trigger Euro short covering by spec players into the close/over the weekend... Gold finding a major bid right now with Gold/Silver Index showing a 5.4% gain on the day. Seeing aggressive technical buying, as well as short-covering here, after Index has tested and held support -- establishing a double-bottom formation.