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


To: Yogizuna who wrote (4155)12/1/2003 10:03:37 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 108745
 
I see a bearish Head & Shoulder shorterm USDollar pattern

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

nice head up to 94
left shoulder to 92.5
right shoulder to 91.5
down trending bias on the neckline
now in the process of right side FAILURE

daily stochastics just registered a little breakdown
THIS IS A VERY VERY SHITTY LOOKING CHART SHORTERM AND NEARTERM

resolution of European steel tariffs is a fakeout
trade friction with China is the real story
totally unresolved, wicked dangerous

federal deficits are escalating
war costs are neverending
domestic price inflation on 3 fronts (monetary + imports + commodities)

I say USDollar heading to 86-87 pronto
/ jim