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To: TheBusDriver who wrote (15294)8/1/2003 7:26:33 AM
From: Louis V. Lambrecht  Respond to of 39344
 
3 white soldiers, technically not quite
litwick.com
but there are other bullish signs.

DX has been consolidating between 50 and 100 DMA for a while and apparently confirmed a higher low. (made two higher lows).

Settlement yesterday was at 100 DMA, now they've lit the afterburners.

DX made a higher low in April but couldn't break above the 100 DMA.

Why 100 DMA?, I don't know, but the majority of comments cite the 100 DMA, so I watch the indicators the majority watches.

Note: already posted before, on Ino, the 100 DMA is not exact on th 6 month chart, but close to my other charts on the 1 year.

Make a note to myself: keep watching for higher lows.
Missed the March higher low on the broader markets, miss the DX.

Shouldn't use paper bags, limits my vision. <g>



To: TheBusDriver who wrote (15294)8/1/2003 7:44:15 AM
From: gold$10k  Respond to of 39344
 
Bullish only if there is a close at a significantly higher high than that of 2 weeks previous. /eom



To: TheBusDriver who wrote (15294)8/1/2003 8:03:55 AM
From: gold$10k  Read Replies (2) | Respond to of 39344
 
Wayne,

re:gold and the dollar

It is also possible that the inverse relationship between gold and the dollar will no longer be reflected as clearly by the dollar index, which compares the dollar to a group of other currencies. In a period of competitive devaluations (which we appear to be entering), all of those currencies might be falling relative to gold along with the dollar, but at different rates and times.

vt