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To: Terry Whitman who wrote (38489)5/4/1999 10:15:00 PM
From: Lucretius  Read Replies (1) | Respond to of 86076
 
typcially, I have noticed currencies break trendlines liek that and then reverse higher one last time before gapping down over the trendline in a SIGNIFICANT move that varies in size depending on the ultimate move.... my guess right now is thatit doesn't break down till Monday if it is even going to. But stocks and bonds could selloff in advance of that. Watch for a push up in gold to signal the coming move in the dollar.. it will likely lead it and my guess is we get a move to 295 or so on Fri.



To: Terry Whitman who wrote (38489)5/4/1999 10:27:00 PM
From: NickSE  Read Replies (1) | Respond to of 86076
 
Don't even go there with the momma jokes -g-

Dollar is still in a long term bullish trend. IMO, needs to break 99.2 for something meaningful to happen. Get it down to 97.0 and the party really starts.



To: Terry Whitman who wrote (38489)5/5/1999 12:11:00 AM
From: John Pitera  Read Replies (1) | Respond to of 86076
 
TW, the dollar index has been in an rising wedge, which is much more bearish than any triangle formation. (one exception, rarely seen)

the break down from the rising wedge indicates a move back to 98 in the dollar index