Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (9157)	3/2/2004 11:48:22 AM
From: westpacific	Read Replies (1) \| Respond to of 110194

Dollar 87.60 78% retracement level. April 1995 low is 80.14 so this is major support. Looks to be working on its bottom, monthly Dsto is bullish right now and coming off a major bottom. A bounce could be very likely, so lets see what it wants to do, if it cannot bounce off this major oversold then what is that saying, big trouble ahead. EW count show a 5/1 and will complete if we see 88.01 (we have this today if it holds) and rally to 99.50/103 level. Today may mean the bottom is in for dollar near term. IF the dollar breaks under that 80 level that is the whole key to this mess. Any rally is a technical one and could last a month or more, what with Japan and team helping it along........