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To: pater tenebrarum who wrote (77820)12/2/1999 7:33:00 PM
From: Lucretius  Read Replies (3) | Respond to of 86076
 
euro has gone parabolic just like YHOO when YHOO reverses, the Euro ill melt up. the dollar is off its primary high, all you need are for stocks to fall and the dollar will implode w/ them. its no coincidenc thhat the DOW and DXY have tracked imo

EVERYTHING depends on stocks, once they break, it all ends VERY fast



To: pater tenebrarum who wrote (77820)12/2/1999 9:15:00 PM
From: BGR  Respond to of 86076
 
Nothing that a few more rate hikes wouldn't cure, right? Of course, that would completely kill off the EU economic recovery, but since when has currencies depended more on economic viability of the underlying region than the inflation flighting credentials of the Central Bank. Lucretious Taurus for ECB Chariman!

Disgusting - and to think that EU was nicely coming out of the recession ... unforgivable, IMHO. You do remember our discussion about the likely effect of the EU rate hike on the Euro, don't you, Heinz?

Thank God that I work in the USA and Thank God for Greenspan!



To: pater tenebrarum who wrote (77820)12/2/1999 10:38:00 PM
From: John Pitera  Read Replies (1) | Respond to of 86076
 
Today, was an Important Bradley turning point day, as significant at the 8/10/99 low in the NASD.

If you look at the declines from April 1999 in the real high fliers like EBay and AOl, which went from 240 to 77, and 175 down to 78ish, going into the 8-10-99 low it shows how significant the 8-10-99 low was.

csf.colorado.edu

Whether this could mark a turning point or will be a muted signal remains to be seen.

Also, for you grizzled old-timers, Dec 2nd was the top of the real broad based Mo-Mo market of the sixies, with the top Occuring on Dec 2 1968.
The value-line had a very serious bear market going into May of 1970 after the 12-2-68 top & the DJIA had a 35% decline from Dec 2nd 1968 into
May of 1970.

1968-1970

decisionpoint.com

1966-68

decisionpoint.com

decisionpoint.com