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Odds 'n Sods:
The Chartist
Gnome chided me in a recent e-mail, after I had mentioned that
after having dropped decisively through the 80 level: "Some
analysts suggest 75 or perhaps even 72 as the next support level for
the
US Dollar
Index." He said that I was being overly optimistic.
By his calculations, "the next logical support level for the USD Index
is 72 and
then if that fails to hold, we can expect a step off the cliff with no support
until 42."
Lest you think that this is some wild-eyed exaggeration, Jordan
Roy-Byrne (editor of The Trendsman) came up with almost identical
numbers. (Namely, 72 and 40 support levels.) Gulp! A USD Index level of 42
would equate to around $2.75 to buy a Euro
and $4.02 to buy a British
pound.
As The
Memsahib is fond of saying: "Good thing that there's no inflation."
o o o
The next frontier for battery technology: betavoltaics: Scientists
Invent 30 Year Continuous Power Laptop Battery
o o o
The folks at Ready Made Resources report that their home
biodiesel production systems are now shipping. How about a cost of just
67 cents per gallon to produce biodiesel?
o o o
RBS recommended this free e-book on the 1929 stock market crash and its aftermath:
The Greatest Bull Market In History
