John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Defrocked who wrote (1473)	5/2/2000 3:46:00 PM
From: John Pitera	Read Replies (2) of 33421

Hi Def, a question for you... If the Fed does move 50 basis pts at the meeting do we see a tradable low in the Euro within 36 or 48 hours of the move. If we were to take out the .90 level I imagine we see follow through to 88.70-87.60, but I would look at those as being levels that would be there for only a few hours as we would snap back to .90. Maybe we hold the .90 level since I'm talking about lower levels -g- BTW, I think we saw the low in the AUD on Monday, I mentioned it last night here on the thread.

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