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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (3068)1/3/2001 2:18:16 PM
From: Chip McVickar  Read Replies (1) of 33421
 
Thanks John,

There's a fork median line at .95 on the euro for today and this week. Combined with your downward trendline and fibs, I expect profits will be taken and a short would be in order. But this will be a quick reversal and the euro will continue higher to 1.1 later in the first quarter.

The surprise interest rate cut will NOT sustain the dollar or the bonds or the markets beyond the first quatrter.

I also like the Swiss Franc and Gold going forward.
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