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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (2998)11/6/2003 1:11:53 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 108763
 
close to saying "stick a fork in it" on US$ bounce

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

approaching the 50day MA at 94
substantial Sept resistance right here at 94 wall
heavy traffic at 94 level last summer at several points
slow stochastic getting a bit extended at 90

counter-trend rallies tend to happen quickly, with ferocity, and typically with little ability to sustain itself

a tempting gap from 94.2 to 95.0
if it runs the gap, we go toward 96.0 easily
I have my doubts
although the economic recovery story is being bought, the trade gap sucks bigtime, and the federal deficit sucks bigtime, and the military cost is escalating
fundamentals scream the USDollar problems are not over
but European Union economies are struggling with strain

/ jim



To: isopatch who wrote (2998)11/6/2003 1:19:08 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 108763
 
TENS yield is a coiled spring

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

once over 4.5%, it takes off past 5.0% quickly
I still see an upward biased Head & Shoulder bull pattern on rates

this time, the so-called economic recovery will prompt a rate jump as money continues to move from bonds to stocks

given the tenuous unstable foundation for recovery, the rate jump will hurt precisely where it will hurt the most, the real estate sector

/ jim