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>Assuming my analysis is correct, this demonstrates the kind of
>situation which is a profit killer: a rising foreign market combined with a
>declining foreign currency. This means that the foreign market will rise in
>local currency but not prove particularly rewarding in US currency.
Earl,
I don't disagree with your analysis, however, if one is trading dollar
denominated mutual funds, such as the Scudder Japan Fund, fluctuations in the
currency market would be reflected in the fund price. In other words,
couldn't straight technical analysis of the mutual fund be used to make buy
and sell decisions without worrying about the changes in the currency market?
I will appreciate your thoughts on this subject.
Dan
Pocatello, ID usa
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