MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: Haim R. Branisteanu who wrote (81328)	8/9/2001 8:26:32 PM
From: eichler	Read Replies (1) of 99985

Haim, Nice work on that chart. I like! Agree with you that the dollar has good support at that price consolidation cluster from April/May. And your chart shows that the euro looks like it's getting ahead of itself in terms of that upper uptrend line. Looks like a change in direction could be in the cards. The last time you asked me about the currencies, you nailed the top on the dollar and the low on the euro. It wouldn't surprise me much if this time you nail the IT high on the euro and low on the dollar. Wouldn't necessarily indicate a major change in trend but could very likely indicate a decent point for profit taking or ST bounce plays. Looks to me like you really know your currencies! What impact if any do you think a potential change in direction for those currencies would have on the U.S. Stocks? Best, Eichler

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