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To: fastmetals who wrote (7625)	2/11/2004 9:11:47 PM
From: isopatch	Respond to of 108767

FM. Jim and I were talking about the longer term dollar trend. In any LT primary down trend, there are always counter trend rallies. And sure, one would be likely if a double bottom formation is confirmed. But we can't call it a confirmed double bottom until price breaks out to the upside out of that pattern instead of failing to the downside which is also quite possible at this point. And, of course, we know it has done that from a number of patterns quite similar to the one U just posted. FWIW, I don't have a strong opinion one way or the other about dollar direction in the ST. Maybe someone else here does. Anyone want to respond to fastmetals with a decided ST opinion on the buck? TIA Isopatch

To: fastmetals who wrote (7625)	2/12/2004 12:05:43 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 108767

I was checking the big chart for USDollar, same conclusion but really, you are focusing on the wrong currency (hint: JYen) we got one more bounce on the dollar here or should I say, one more selloff in the useless Euro ??? nice big double bottom here is a better USDollar chart that I viewed stockcharts.com[h,a]daclyyay[dc][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G daily stochastix indicate oversold, but that could hold for a month RSI indicates not quite oversold, still way above 30 I think US$ flirts with the precipice here but the markets blink, as ECB and BOJ jack it up this is but a trial run for springtime jerkdown to a lower ledge on the precipice below DXY=85, it gets dangerous but I gotta say, FastMan, this DXY is pure horseshit indicator here is the one which matters, the JYen the trade gap lies with Asian exporters the federal debt lies within Asian reserves Europe and the EU is a jerkoff partner in a circlejerk stockcharts.com[h,a]waclyyay[df][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G as the JYen gets to parity, the FOREX dances turns on acid rock !!! that unleashes Asian import price hikes inside US Land of Consumerism and threatens the BOJ stupidity plan to support worthless US paper / jim