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To: skinowski who wrote (119597)5/30/2005 10:14:57 AM
From: Shack  Respond to of 209892
 
I have nor real strong opinion either way on the USD except that it looks like it may be some kind of short at 87.25.



To: skinowski who wrote (119597)5/30/2005 10:25:35 AM
From: Henry J Costanzo  Respond to of 209892
 
<<USD 100 or bust>>......Yes, that was originally pulled out of the hat as a 50% retrace. I've been pressing that lately, taking great delight, frankly, in pushing the contrary case, in the light of all the gloomy-doomy "death-of-the-dollar" pronouncements......especially around the Dec bottom..

The "ruling" chart IMHO showing lots of positives......

TA..Price has broken decisively above both the 50d and 200d MAS. An ascending triangle just completed, measuring to 90ish....

EW....a prima facie case of impulse up...no matter what the larger counts might be, and see no reason why that should be questioned... Wave 1 up from Dec was good for 5 points into Feb.....Wave 3 up launched at 83.5, and should be good for at least 6/7 points up to the 90 area....and possibly more....

stockcharts.com[h,a]daclyyay[pb50!b200][vc60]&pref=G