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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: lurqer who wrote (17690)4/22/2003 10:05:25 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 89467
 
young Assad in Syria seems too willing to bend to urges
in the last two years, he has bent way too much
seems to me to be a case where the leader has yielded to the most vocal, if not radical, elements of the crowd

interesting how a region maintains a personality thru the ages
in Biblical times, the Syrians were full of mischief and belligerence for generations
same old same old

the US can define the military battlefield
the US can define Weapons of Mass Destruction
the US can circumvent the United Nations
the US can defy NATO

BUT THE US CANNOT BULLY THE CURRENCY MARKETS
the USDollar is below Sinclair's critical 99.2 DEFCON number
US$ = 98.5
gold = 335

I have never in my adult life seen a world superpower buckle from its internal finances
our military may soon take orders from the FOREX markets
this is stuff for the history books unfolding

all those rahrah morons waving their flags, ignorant of 80% of what is going on...
they cannot comprehend the false pretenses for war
they surely wont expect the retaliations
they probably still believe Iraq's oil is ours for taking
they will scratch their heads and scratch their nuts when the dollar orders the troops home
they never understood finances
they never will
they are way too stupid, kneejerk, and illiterate
/ jim



To: lurqer who wrote (17690)4/22/2003 11:20:24 AM
From: Jim Willie CB  Respond to of 89467
 
I see a bearish triangle forming on USDollar

stockcharts.com[h,a]daclyyay[dc][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G

triangle base of 98.7
initial impulse top of 102
total potential of 3.3
next downside target = 98.7 - 3.3 = 95.4

so with a spring swoon, expect a dollar move to around 95
makes sense, and fits with the technical support levels

the wartime rally was even less enthusiastic than the late March pre-war anticipatory rally
I refer only to the dollar
but the S&P chart may look similar

I believe the USDollar is leading the stock indexes now
/ jim