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Zeev Hed

02/20/04 11:20 AM

#207707 RE: mlsoft #207702

I hope you are right since I made a major deployment with cash well under 20% now....
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Bearmove

02/20/04 11:24 AM

#207711 RE: mlsoft #207702

Yea yea yea.....The bottom line is that the NASD is slowly heading south. Those who shorted near the highs and CONTINUE to hold those shorts will be rewarded.
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TJ Parker

02/20/04 12:03 PM

#207742 RE: mlsoft #207702

"there is a classic double whammy underway, ramping the $USD with gold being crushed. Those two almost always indicate that a major effort to rescue the market is coming."

while that was true last year - especially the overnight ramps - the correlation seems to fail more recently: ramps in the dollar seem to correspond more to falling markets, rather than rising ones. (in fact, big drops in the dollar are coincident with similar rises in the dow.)

in retrospect, those "ramp the dollar" events might have been japanese intervention, with dollars being put to work in u.s. securities.