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

To: John Pitera who wrote (9891)	9/1/2008 4:26:30 PM
From: nspolar	Read Replies (2) \| Respond to of 33421

Mr. Pitera the SI board currency connoisseur! W/r to #msg-24896978 I am following up with a note to say I just browsed all the major currencies, namely the weeklies and monthlies. It appears we are in one of those 'periods' wherein the dollar and all of its counterparts are in an IT inverse relationship. All against one and one against all. If I was a guessing at what might happen here, following a brief pause and correction in the dollar, is that it will rocket up another notch. How long this pause/correction might last I dunno, maybe a good couple of months or even a bit longer. Is this dollar move smelling a bottom in the financials (and housers), that imho will occur within the next 5 months? I think it could be so! I have not remapped and shown TOL in quite some time. It has hit a prime possible target for a big low. Whether that low holds (at 15.6) I dunno; in any event the next target is ~ 12.6, not that much lower than the last low really. I do believe there is some decent LT divergence going on there, and the next low in the housers is likely to hold for quite a while. TF