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otraque

05/19/03 8:07 PM

#109241 RE: Sherlock356 #109237

http://stockcharts.com/def/servlet/SC.web?c=$USD,uu[g,a]daclyyay[d19970124,20030519][pb50!b200][vc60... my USD drawn 1/23/2003--thus far the descending red line has been putting a strong lid on bounces---leave for your own interpretation.
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Ace Hanlon

05/20/03 9:52 AM

#109324 RE: Sherlock356 #109237

You are probably right about the bond rally reflecting short-covering by those fearing direct Fed intervention. And the dollar probably is near a bottom of some significance -- but still is a long way from its FINAL trough IMHO.