MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.04

-1.7%

Nov 13 4:00 PM EST

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To: Haim R. Branisteanu who wrote (80449)	7/18/2001 5:51:56 PM
From: eichler	Read Replies (1) of 99985

Haim, Your mention of the falling of dollar and rising euro awhile back looks very prescient now. Just looked at futures charts for currencies.... Dollar has cracked. Euro has spiked. Trends have changed. Notwithstanding retests of breakouts, profit taking, market gyrations...I would think short the dollar, long the euro would be the correct bias intermediate term (weeks, months?). Not sure how to calculate how rate cut is factored into the currencies, but I'll take your word on that...ggg Nice call, Haim. Regards, Eichler

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