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

To: Tom Swift who wrote (287051)	5/13/2004 1:47:32 AM
From: Michael Watkins	Read Replies (2) \| Respond to of 436258

Certainly the dollar viewed on the monthly chart looks to be nothing more than a retracement in a strong down trend. It may well retest the lows... although it has a history of making very directional moves on the monthly without retests. On the weekly, a 2B test of bottom did play out early in the year. USD index bumping up against some minor resistance here - if it can push up some more here, it will probably run a somewhat further before retracing much of this latest advance. But by then the damage to gold may have been done. Still waiting to see if that newsletter writer is still doubling down. Or shutting down. ack, better not taunt behind his back. I might have to go long the damn stuff one of these days.