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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (46785)4/16/2000 7:07:00 PM
From: pater tenebrarum  Respond to of 99985
 
Bobby, i agree with your Euro count. look at the weekly and monthly DM for a longer term view...it's even clearer on that one. i'm actually expecting both the Euro and gold carry trades to blow up and become the next focal points that will burn the hedge funds and other assorted leveraged speculators. that's the one missing ingredient...if that happens, it's adios embryos...

regards,

hb



To: bobby beara who wrote (46785)4/16/2000 7:35:00 PM
From: Arial  Read Replies (1) | Respond to of 99985
 
Hi bobby. I see an "M" top on the DXM0 and the Euro has a short term low due this week, but the monthly chart has to fill that gap below 104 and take out its trendline before I turn bearish. In fact, even though I agree that the dollar is headed for trouble, the monthly close is finding support at the October '89 close and the chart actually looks bullish. It needs to take out that monthly close.

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