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IDS World Markets Tues 27th May 03


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Right now the Cac40 is down 1.84%

The Dax down 1.59%

 

If the US markets follow suit and the Naz were to close down over 1% any uptrend line you draw from the March lows would be cleanly broken

 

http://stockcharts.com/def/servlet/SC.web?c=$COMPQ,uu[l,a]daclnimy[p][vc60][iue12,26,9!lc20][J8400176,Y]&listNum=2

 

http://stockcharts.com/def/servlet/SC.web?c=$COMPQ,uu[w,a]dhclniay[db][pc20!c50!c200!f][vc60][iuh14,3!la3,10,16!lc20!ll14][J11745518,Y]&listNum=2

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Bareister suggested recently that the US was playing a dangerous game of brinkmanship talking down the $ against the Euro. The US was attempting to bluff the Europeans and i think the Europeans called their bluff...now the shite will really hit the fan...todays action was a futile attempt to jam the $ but was met with a huge barrage of sellers.....perhaps there is not going to be the feared co-ordinated G7 attempt to keep the markets afloat....perhaps it is going to be everyman for themselves.....interesting days ahead imho ;)

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