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Strategies & Market Trends : Classic TA Workplace

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To: NOW who wrote (5187)	6/15/2001 9:51:08 PM
From: skinowski	of 209892

I believe it was in today’s Financial Times that I saw a chart of the Euro in relation to the dollar. It showed a clear 5-wave decline, followed by a rally and a retracement (likely A and B). If I am right, the dollar probably did peak, and the euro should rally against the dollar in a wave C. Coincidently, the cover of Newsweek (probably the European edition; I saw it on an airplane) was extremely negative against the Euro. Will be interesting to see how it plays out, and how it ties in with your observation.

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