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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%4:00 PM EST

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To: Haim R. Branisteanu who wrote (79850)7/10/2001 9:41:06 PM
From: bobby beara  Read Replies (2) of 99985
 
good catch on that Haim, the sept euro looks like it made five waves down, from 91 cents, which also looks like five waves down from the dec high, the yen also has a wave count that indicates it's getting close to a bottom, but looks like it could still go lower

tfc-charts.w2d.com

the rally into late 99 in the yen, made a first leg down, then a triangle followed by a 3 down into april 2001, and now looks like it should make at least a marginal new low to complete five waves down.

i haven't followed currencies much lately, but it looks like we may be at a turning point.

b
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