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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (30838)	5/14/2003 11:30:16 AM
From: Arik T.G.	Respond to of 36161

Sharp, I cannot argue with FA. ( Well I can but it would not be more intelligible then talking to the next guy in the gym) My read of the charts is a big IT rally in equities - world markets following US markets - coupled with a big IT bear leg in the USD. Both trends seem now nearing (USD) or arriving (equities, except Tokyo) exhaustion. Musing a bit I could argue that because it is obvious that the moves in equity markets were derived from hopes from the operation in Iraq while the weakening of the USD was not so obviously linked I can conclude that it is more probable that the rally in equities is counter trend then the weakening of the Dollar being counter trend. In other words, i find it more likely that the LT bear market for USD will continue after the correction then the equities bull market will continue after the correction. ATG