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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (284130)4/14/2004 5:03:58 PM
From: Michael Watkins  Respond to of 436258
 
Actually the Clownbuck has bottomed, for now.

And this might be what the market wants... think about it. Rising Clownbuck means that foreign investors have downside protection in their US backed investments. Its a double return for me on upswings in the market.

I've been using this lately myself. Coincidentally, talked about this on SI today:
Message 20024273

EURUSD, discussed here ages ago, failed a test of top in Feb and has changed trend, for now. trendvue.com

USDCAD, the one that affects me most, has been basing for ages and the measured move up from here is pretty substantial. Top it off with interest rate cut in Canada this week and prospect of rising rates in US - well... its looking sustaintable ;-)
trendvue.com

GBPUSD
About to break down.
trendvue.com

And finally, USD Index
trendvue.com
Breaks out, again.

Whose still talking about a weak dollar? Its strengthening, at least for now.



To: patron_anejo_por_favor who wrote (284130)4/14/2004 5:05:05 PM
From: Trumptown  Read Replies (1) | Respond to of 436258
 
>>I agree, and it could be quite a while if interest rates and the ClownBuck have topped.....<<

hope so, then NAZ can start going back up again! Shesh, all this good economy news killed that rally... -g



To: patron_anejo_por_favor who wrote (284130)4/14/2004 5:08:06 PM
From: orkrious  Respond to of 436258
 
sndk getting taken to the woodshed. I come I'm never short them when this happens?



To: patron_anejo_por_favor who wrote (284130)4/14/2004 5:11:17 PM
From: Michael Watkins  Respond to of 436258
 
Forgot USDJPY
trendvue.com

News of ending intervention by Japan in US$ meets with USD rally against JPY. Looks like a potential exhaustion move after all... at least for now.