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To: koan who wrote (10792)5/8/2006 7:44:23 AM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 78426
 
Koan, you wuz talking about the drop of the Dollar.
Going back to a price of and year and a half ago is not quite a drop, rather a re-test. <g>

Now, both EUR and Dollar Index have H&S. Dollar index nearing target (I read to be 84ish), the EUR on a second right shoulder until H&S would be negated. Would speak of a drop until then.

The political thinghy, the market in the right column.
Would the market be rising in the weeks preceeding the elections, this would be a plus.
The question I've been asking myself is from how low would the market rise.
Imagine that the market would be left to itself and correct this Summer, the magician could then grab the rabbit from his hat. The more we near Summer, the more I am carefull: the rabbit trick might not work this time.

Maybe I should not worry, this market can as well keep rising as the engine is indexing: more funds and funds of funds buying indexes, hencestocks of the indexes which are in finite supply.
As long as they bid up the same shares, prices only can go up.
Mot worry.
Scared to death for when the bubble will burst.

My turn to ask a question, why did you say that Mr. Vice-President is losing it? Not on all fronts. <ng>
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