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To: The Freep who wrote (125117)10/17/2005 2:47:00 PM
From: Henry J Costanzo  Respond to of 209892
 
<<.. your USD love at the moment....>>

..at the moment ????.....important correction, Freep...read: "since the beginning of the year".....g

IMHO No hard and fast unchanging relationship between USD and Gold.. in the same way as........ I think you've also heard me argue on an alien thread...... there is no hard and fast relationship USD and US equities. Depends on other factors at play from time to time.....

MMM.......guess you see that MMM now third strongest DOW powerhouse today....after MO and GM......Challenging the 50d, but that may not mean much since the 50d still sagging badly.......BUT don't think I'd care to take the short side just yet. I could never call these things without Shack's guidance, but since you mention it, does look like a falling wedge since late June...



To: The Freep who wrote (125117)10/18/2005 12:14:44 AM
From: Shack  Read Replies (1) | Respond to of 209892
 
That MMM ED looks more and more like the play. I am going to try to get long that one on a pullback. I'm actually hoping earnings triggers it.