Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (119592)	5/29/2005 8:13:05 PM
From: Moominoid	Respond to of 209892

USD up strong on Globex. Euro down 0.7 US cents...

To: Henry J Costanzo who wrote (119592)	5/29/2005 11:18:29 PM
From: skinowski	Respond to of 209892

my old refrain......USD 100 or bust!.... If I understand you correctly, MC, you mean that the USD got so badly damaged by the decline from over 120 to near 80, that it has a lot to prove before the reversal can be taken seriously. ~50% retracement at 100 seems like an important point. S/R level near 92 would be a good start. Wave-wise, the action in the USD since December still looks corrective, but who knows... the ascent may accelerate (or it may not). No signs of any breakdowns so far. The index managed to close above its 50 wk MA for 3 weeks in a row. This is something we have not seen in over 3 years.

To: Henry J Costanzo who wrote (119592)	5/30/2005 3:53:24 AM
From: Shack	Read Replies (3) \| Respond to of 209892

Tsk, tsk FA-boy. That referendum result was old news a month ago no? Dollar looks a tad wedgy here.