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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (7895)5/25/2007 11:44:58 AM
From: nspolar  Read Replies (4) | Respond to of 33421
 
Look at all the others in the basket. It appears quite likely the Euro, pound, looney, and aussie are all near IT tops. So if they go down something(s)has to go up, right?

The dollar imo is hard to technically chart here, but maybe looking at all the others in unison helps a bit. Not making any predictions but it would not surprise me to see it rebound to the 100 area.

The pound is the one that fundamentally hard to figure. Is the trend in the pound from '01 a fluke, and did it merely got drug along?