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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Hawkmoon who wrote (2535)	8/30/2000 1:16:29 PM
From: Paul Berliner	Read Replies (2) of 3536

I think this may be the near-top for the dollar here. The Yen is charging towards intermediate-term support at 104, and Cable is a few bad days away from LT support at 1.40. I think Cable is the key. I look for the Euro to rally when Cable bounces off this support, which it undoubtedly will. Cable may even rally sharply off of 1.43. I would make 1.51 a target to be reached within six weeks.

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