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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (80716)	9/5/2003 9:23:20 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

A few days ago we had an exchange of opinions about the USD from an EW POV. I thought that the Dollar Index was due for at least another swing up, towards the 101 area, where the 2 legs of the countertrend rally (since June) would be equal. Bobcor thought that the rally was already kaput. He was right, it seems. The index turned down from C = 0.62A level, which happened to be just near the declining 200dma. Today's drop overlapped with the peak in mid-July, which also weakens the bullish case.