Sunday, October 24, 2004

Looking at the Dow performance in eyes of the EURO

http://tinyurl.com/4gvr4
Looking at Dow recovery in terms of the EURO,is quite interesting. What it shows is a rather meek recovery from lows in 2002!
ANd an OMINOUS occurance of a PENDING VERY LONG TERM trend line crossover which hasn't occurred in more than 10 years . (most my chart could hold)

GDP number coming out Thursday, IMHO it will be UGLY, could roil any pity rally we get this week. 7 trading days to election.

Dollar feels like on edge of precipice, EWT reports near record lows in bullishness towards the currency.

Duratek

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