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To: Les H who wrote (7517)5/21/2003 3:34:27 PM
From: Les H  Respond to of 29597
 
Buying frenzy in emerging markets bonds

bcaresearch.com

Chinese currency undervalued

bcaresearch.com

Oil prices stalling

bcaresearch.com



To: Les H who wrote (7517)5/22/2003 7:35:20 PM
From: ajtj99  Read Replies (1) | Respond to of 29597
 
Les, have you seen the massive H&S on the USD going back to the early '70's? It measures to near 0, if memory serves (I don't have the chart handy right now). I'm not sure how valid it is, however, as we de-coupled from gold only in 1974 if memory serves.

Shoulders are at 120, head at 160, neckline at about 80.
No chart right now. There is another H&S in the making that would form with a 90.58 print on the USD, a rise to 102.80 or so for the right shoulder. That target is around 60 on the USD monthly. Incredible.