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Strategies & Market Trends : NetCurrents NTCS

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To: avanti77 who wrote (4560)	11/14/2000 9:00:13 AM
From: Patrick Slevin	Read Replies (2) of 8925

Excellant question, I do not know. The currencies that I trade have all been in downtrends, although the Yen seems to be stabilizing. I would imagine that my choice at this point in time would be the Swiss Franc with the Euro as a second possibility. Technically the SF0Z seems to have established a base and cresting 57^20 looks like a plausible technical breakout. The EC0Z is in a pivotal position. It has worked off an oversold condition and if it can complete a move to 87^00 it may have turned the corner. Returning to the low 85 range should continue the decline however, I believe. I'm not a fan of the Yen, overmuch. The market does not appear to trend as well as most of the others. It appears subject to quick moves and one has to watch it closely. EDIT I suppose had I to pick, I favor the Swiss Franc.

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