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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Haim R. Branisteanu who wrote (17022)8/29/2001 8:45:13 AM
From: Lee Lichterman III  Read Replies (4) of 52237
 
Sorry, I still don't track the Euro and probably never will. The Dollar seems to be in a rectangle that implies further weakness but I hate rectangles for direction clues. -NG-

The chart you posted is a wild mix. It had a Head and Shoulders that fulfilled it's target, then a breach of support that was quickly recovered, a nice doji reversal off the lows and now may be forming a new inverted Head and Shoulder that points to a move up again. The whole area between the latest trendlines could be a bullish flag that also points to another move up as it consolidates the recent gains off the lows.

I would lean towards the Euro gaining strength here from that chart but as I said, I am no currency expert.

Market getting all giddy over .2 GDP growth. Big Deal that under the strictest definition we escaped a recession number of a negative. No one can take one look around and see it coming down the road though? I think it would have been better to get it over with now since in the past, the economy was starting to turn around by the time that the numbers showed the recessions of the past. All this likely means is we haven't seen the worst yet. BWDIK

Good Luck,

Lee
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