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To: nspolar who wrote (5841)5/4/2004 12:15:32 AM
From: Wade  Respond to of 60902
 
<I have a signal it is in progress, but yet to follow through with the actual price. When it does it will go fast imo. >

NS, I am looking for this as well. I use 2+ year USD chart to draw the UT line under each of the 4 old major rallies. I was amazed to see those 4 lines are almost parallel to each other. If draw the UT line of this recent USD rally, I got the same result. Therefore, I think the major signal for UDS to make down turn is when it fall though the recent UT line, which I see a projection of interception at 89ish. We'll know better in a few more days.
Take care. <G>



To: nspolar who wrote (5841)5/4/2004 12:25:37 AM
From: steve from ihub  Read Replies (1) | Respond to of 60902
 
imo the dollar is riding above its 13 ema on daily chart. that is a very simple rule of thumb i use for bull or bear trends. as long as it stays above that it is poised to ramp hihger. tommorrow is super key with the fed meeting. it could blast past the recent congestion in the 91.5 range and hit 92 sending pog into the toilet. like i said over the weekend in the pm's that we exchanged, the xau needs to bust a 4-5% move early in the week or it takes another dump to fresh lows. monday is history and it didnt do a whole lot. granted it finsihed above its lows which is a pleasant suprise, but imo its time to bust a move or break the bulls backs.



To: nspolar who wrote (5841)5/4/2004 8:35:57 AM
From: TH  Respond to of 60902
 
NSP!

Good call. Ok, now we can maybe start to count a few chickens -g-

Now if Greenspan would only keep his mumbling short and sweet.

Good Trading.

TH