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To: Tom Swift who wrote (287049)5/13/2004 1:23:44 AM
From: Michael Watkins  Read Replies (2) | Respond to of 436258
 
Selling Yen?

trendvue.com

EUR, GBP, CAD all positioned to continue their moves down against USD if eco numbers justify. Looks like Japan got going early. So far...

That's a picture perfect 2 bar retracement to former resistance, now support until proven otherwise, not even breaking the upswing in progress and a push higher.

If the numbers confirm these moves and USD continues I would not want to own gold here... "what it can go down more".

Unless Gold shrugs a rising USD off - hey anything could happen.