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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (10776)	7/30/2004 5:20:28 PM
From: loantech	Respond to of 313945

DAE volume was up today they have Juliana as a target. ABS has held volume and has hit drill holes. CKG will rise (I hope) when they start to drill, VYE hit some fantastic holes and CC sent an alert, FR is buying additional properties and ramping up La Parilla to production. So Dave those are my main holdings CKG, DAE, ABS, VYE, FR so I hope and think they will run. I have a smaller amount of GYD it is drilling now and it rallied a bit today. Of course all of those are Claude's picks except FR and I am thinking they have held up the with some of the best in this long downturn so I think they have the best chance to run none the less they have great fundamentals.

To: Canuck Dave who wrote (10776)	7/30/2004 11:10:14 PM
From: Little Joe	Respond to of 313945

Dave: Here is my thinking on the dollar. Basically it is at a critical juncture. 1. The dollar made a double bottom in January Feb which projected to 91 and the dollar has exceeded 91, so the target has been realized. 2. There is a down trend that can be drawn from the 02 highs and the 03 highs which was slightly penetrated in April of this year and again this week. Although the trendline was penetrated, it was not decisive in my mind. 3. The 50 week mva and the 200 day mva were both touched and in fact price is bouncing on the 200 day mva. By the way there seems to be a discrepency here between my Worden charts and the Stock charts and I am not sure which is correct. Perhaps someone else on the thread can help with this. 4. There is good resistance from 91 to 92 on the dollar. 5. Dollar price are bouncing at the upper bollinger line. Look at the following 3 month chart of the dollar which makes it easier to observe the last few days of candlesticks. Three days ago a we had a bearish hammer followed by a doji, and today a bearish hanging man. Also, notice the resistance at 91. I consider candlesticks to be good indictors of short term direction. Next look at the relative strength above the chart. Notice that you can draw a nearly horozontal line between the lows in june and the lows in july. But if draw a line between the same two points on the price chart you get a sharply descending line. This a positive divergence. A further bullish divergence can be noted between the June highs and the current prices which are once again at the June Highs, while relative strength has significantly exceeded the June high. MACD in the window below is still bullish and is not at an extreme, which indicates the market is not overbought. Now look at this chart. I have changed the indicators. The upper indicator is is Wilder's DMX and the lower indicator is William's %R. I regard both of these indicators to be shorter term timing indicators. stockcharts.com[m,a]daclyyay[db][pb50!b200][vc60][iUb14!La12,26,9]&pref=G The conclusion that I draw from this is that the short term picture is pretty clear and we should see a correction. Beyond that I can make a case for a resumption of the uptrend, but I think the situation is more ambiguos and would wait to see how this correction pans out. Little joe