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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Henry Volquardsen who wrote (2015)8/5/1999 4:29:00 PM
From: John Pitera  Read Replies (1) of 3536
 
Hi Henry,

do you have any interesting cross-rate plays currently??

I wrote the USD thoughts below, to Defrocked yesterday afternoon, and I wanted to bounce it off of you as well.

Thanks,

John


the dollar looks to me like we are approaching an end to it's decline very soon,possibly today but within the next 36-72 hours. we have been down to 99.00
on th dxu9 and it looks like we have just about finished this 5 waves down from the July 12th high at 104.24.

If we get a panic low in the buck we might fall to
88.10-20 , I think that would occur Sunday night in asia at the latest.

this should be the low for the next several weeks or months. and we will get a meaningful rally back to the 102.5 area.

we have broken below the 40 wk ma on the continuation chart but may not stay beneath it long enough for it to be a problem or meaningful.

big parallel trendline we are approaching.

decisionpoint.com
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