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mrnatural

08/08/08 10:32 AM

#57158 RE: Footquarters #57157

The dollar up and oil down will keep this rally going longer than most thought possible.

learningboutinv

08/08/08 10:36 AM

#57160 RE: Footquarters #57157

LOL... and I was thinking of getting some gold yesterday. Good thing I changed my mind. Well if the Nasdaq closes near it's highs today, your $NAUD chart won't be so naughty and will have a good chance of crossing that 50dma. Although it appears the last few times it crossed the 50dma, there was a correction back down to the mid-BB and then it went back up to re-cross the 50.






learningboutinv

08/08/08 6:08 PM

#57246 RE: Footquarters #57157

Foot, well the $NAUD closed above the 50dma. I am still thinking a pull back from the $NDX 200dma and then more up? $USD not quite 76, Yen falling. I think you need to redo the yen chart to show where next line of support is. Just from an Eyeball on a daily 1 year next support for the yen is around 89?

BTW - have a good weekend everyone.