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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (49826)	11/18/2003 2:27:40 PM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

14:19 Market Action Traders backing away from bids this afternoon as rollover in the Dollar rattles equity investors. The Dollar has fallen to a record low against the Euro in New York trading after net purchases of U.S. securities fell to the lowest level in 5 yrs. Also heard talk that George Soros was out with more negative spin on the Greenback. Of course, Soros would not be alone in his assessment that the Dollar looks due for further decline, as many traders seem to be positioning in this trade as well. Overall, little conviction in equities of late, as funds look to drift into the end of the year. Hearing that many accounts have essentially locked the box on their portfolios and are simply looking to game the market for a few percentage points through year-end. For this afternoon, keeping an eye on the Nasdaq as it edges into the 50-day moving avg