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

To: isopatch who wrote (3155)	11/10/2003 1:42:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 108918

Canadian has the dumb queen on it Euro has unknown cartoon characters the sizes vary according to denomination, with color changes they all are worth more than our clown USDollar but they look more like play money I will continue to investigate, and get back to you / jim

To: isopatch who wrote (3155)	11/11/2003 9:30:51 AM
From: Jim Willie CB	Respond to of 108918

the Canadian Dollar, quick comments on technicals weekly chart: stockcharts.com[h,a]waclyyay[df][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G I still point to that weekly Japanese Hammer two weeks ago which bounced off the 75 level (Jap Hammer sees within-week much lower, but with open and close near the best showing for the week, like a handle holding a hammer head) I see a nice momentum swing in progress on the breakout above 75 flat we had the push out the window, then the head returning inside, now the push out again momentum swing numbers are 71 low in July, with 75 resistance, indicating a target of 75 + 4 = 79 slow stochastix are in flux here, not clear had a little down crossover last week halted by the hammer reversal relative strength is near the high mark of 70, showing some room to run up a little uncertain signals shorterm but nearterm looks like 79 will be reached my guess is a touch of 80, then profitable retreat my several years of T/A experience (without any claim of great expertise) tells me this is the beginning of the 2nd major Elliott Wave if so, then we should see a move in the next 12-18 months to 95 first leg from 62 to 75 second leg from 75 to 95 no comments on fundamentals driving it but minerals and resources have to be part of that equation / jim

To: isopatch who wrote (3155)	11/11/2003 10:08:41 AM
From: Jim Willie CB	Respond to of 108918

the Euro currency, quick comments on technicals but with a few comments on EU, US, Chinese factors weekly chart: stockcharts.com[h,a]waclyyay[df][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G we might have a rectangle pause pattern here with bottom level of 107, high level of 119 a breakout would indicate a target of 119 + 12 = 131 but no signs here of any imminent breakout my guess is a bounded range for a few months here, while the JYen catches up across the Pacific the first 18 months of the Great Dollar Decline had not invited any Japanese damsels to the FOREX dance floor no more look for Asian ladies to see their hands grabbed in the next few months, as sellers look past European ladies some indication of a major Elliott Wave upleg from 86 to 119 over a year in time after the triple step, a pullback this summer to 108 the weekly stochastix (error in Can$ earlier, weekly not daily) showed a bear crossover two weeks ago but I dont expect that to show much follow thru the 20-wk MA at 114 might offer some support here we have been dicking around in upper 114's in midrange near 50 on relative strength, showing no bias up or down the 30-35% move from last spring/summer 2002 has had a detrimental impact on the EuroZone economies Germany's exports are down recession is evident in three nations in the EU exports are widely threatened now the EU is subject to huge price competition by Chinese exporters, who have realized a 30-35% pricing advantage in fact, I read of retooling of certain Chinese firms, whereby they target EU markets instead of US markets here is a wildcard prediction: CHINA WILL RELIEVE US PRESSURE BY REPEGGING TO THE EURO AS THE DOLLAR SLIDES VERSUS EURO, THE CHINESE YUAN WOULD APPRECIATE VERSUS THE DOLLAR THIS WOULD BE A DOUBLE VICTORY FOR CHINA ON POLITICAL FRONT, RELIEF FROM US PRESSURE ON TRADE FRONT, GREAT COMPETITIVE COUP FOR EU EXPORTS / jim