Replies to post #662 on Ander's Market Theories (AMKTH)

[AnderL]

Keep an eye on the US Dollar Index. It has the potential of having a nice IH&S bottom in the making. The next shoulder should tap around 85 sometime around the beginning or first half of 2006. Either ar 85.44 from the small top in Feb or off the 50 week MA which could be closer to 86 bay that time.

That should get a 100 target probably by 2008.

[AnderL]

I like the chart pattern but the numbers on the y-axis. lol, I fear them. I can't even pull a trigger on a 1k position.

It's one of my favorites and does well in secular bear markets especially when people are clamoring to average down or find value. I just can't do it in the OTC. Again, for me the volatility is crazy and moves in those markets are much faster than on the bigger boards. I like the big turns that take weeks and months to complete. They seem more satisfying. That is me though and I can't recommend that anyone else trade like that as it may conflict with their methods or mindset.

I just wish I caught the ETF. I never paid them much thought in the past. Strictly as a sector gauge, until lentiman suggested trading them. They are good for for diversifications and catching macroscopic moves. I too figure after it comes down it should be a nice channel play or big bull uptrend in the making. Just have to let it come to me.