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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Terry Whitman who wrote (44695)5/13/2003 3:39:32 PM
From: James Strauss  Respond to of 52237
 
James- Yes, there's a major downtrend line around 80 on the XAU. It passes that, it could really smoke.
I suspect the powers that be don't want a dollar THAT weak, however..


Terry:

Snow is trying to backtrack from his weaker dollar comments... There is a lot of pressure on Washington to allow the dollar to slide to make our products more price competitive overseas... Given the current weakness in the economy a pickup in exports would be welcome by the manufacturing sector... They're big campaign contributors...

Jim