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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

4:00 PM EST

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To: bobby beara who wrote (79807)	7/10/2001 10:58:59 AM
From: Haim R. Branisteanu	Read Replies (2) of 99985

BB, I am following the Euro and wrote a 0.865 call and a 830 put on 500,000 Euros or 4 contracts for a total of $6000. From my read a week ago the sentiment was very negative and any were ever I read some thing they all predicted 0.825 Euro / Dollar. On the 5th of July I think was an panic buying of dollars, since more and more articles appear that US manufacturers are hurt by the strong dollar and that the economic growth in Europe surpasses that in the US. Short term it seems that the Euro enter overbought territory, there is a trendline from December 2000 High's which seems to be violated now. Still I guess 0.865 should prove resistance for the next several weeks. blb.de exchanges.barchart.com best seen on the Euro weekly chart exchanges.barchart.com Haim

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