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To: gold$10k who wrote (17397)8/20/2003 4:58:37 PM
From: Louis V. Lambrecht  Read Replies (2) | Respond to of 39344
 
vt - Dollar base Sep future. I have 97.5 as an horizontal SR line (low of March 10, then also 50% of the Mar high June low).
And the nasty candlestick is confirmed, yes.

On the 10-YR (price) the double bottom rebound seems to have halted also.

Apparently, the appetite for US Dollars and notes is about to turn to a puke (real puke for TYU3 @ 109 1/2)

Gold doing fine at (mild) resistance.

Some pivotal levels this evening also on the broader indexes. (Doji star on the SP500 has a twin, does this count? <vbg> Not real dojis, but small enough for me.)

Traders pivots on the spoo also interesting with the small trading range (7.4 pts) with S2 992ish. That's only 8pts from fair value. S2 usually is a strong support with the index very rarely pricing below. Tomorrow could be one of the rare breaks. Unless Saddam is captured.

BTW, earnings warnings should start to hit the market? No?



To: gold$10k who wrote (17397)8/21/2003 3:24:45 AM
From: TheBusDriver  Respond to of 39344
 
<<Unless and until it closes substantially above 98>>

I don't know what will happen later in the day, but on this side of the pond the dollar is only marginally off of 98 right now......

Why is the water always muddy?

Wayne



To: gold$10k who wrote (17397)8/21/2003 3:59:51 AM
From: TheBusDriver  Respond to of 39344
 
It is 8.52 over here and USD just started going parabolic, now at 98.2. POG only down a little so far.

Wayne