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


To: stockman_scott who wrote (21939)7/12/2003 7:24:51 PM
From: Jim Willie CB  Read Replies (6) | Respond to of 89467
 
latest Japanese Yen chart, all bullish patterns intact

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

upper H&S resistance at 87
despite all the USDollar recent advances, the yen remains strong
my expectation is that it will run past 87 and well into 90's
in next couple weeks or next couple months

so far in 18 months, the USDollar changes have accomplished JACKSHIT in remedying the trade gap
the May number was a shocking $48 billion
this confirms that the dollar and euro have only traded places, accomplishing nothing, resulting in the EuroZone exposure to wreckage of overvalued currency

THE GREAT USDOLLAR CORRECTION HAS NOT BEGUN !!!
/ jim