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Strategies & Market Trends : Classic TA Workplace

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To: pater tenebrarum who wrote (29336)	1/25/2002 11:47:16 PM
From: Haim R. Branisteanu	Read Replies (2) of 209892

Heinz, the graph of the Euro since January 1. home.nyc.rr.com (any waver on this tread can read the "waves" ? ........ so please share it with us) By mistake I stated that the Euro slid 3.4% in 3 weeks it is actually 10 days (since Jan 14). Since January 2 at a high of over 0.9060 it hit a low today of 0.8630 or a swing of 5%......... and all this in "calm" economic news only squabble and BS of European bankers and hype of the US CB how great he guides the economy out of recession. Wonder that the stock markets have not even taken into account that the multinationals will bring home less profits. Back in summer when the USD was at same levels ( 119 to 120 ) every corporation blamed the currency for lack of profits. What will they say now?? If we count September the USD went from 112 to 120 or around 7% which will wipe out most repatriated profits. Haim

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