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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (1341)	4/26/2000 7:14:00 PM
From: John Pitera	Respond to of 33421

Thanks LG, When I was working at Citi in Sydney in the 1980's, I was negative on the AUD and did not initially realize that The Reserve Bank of AUS. raised the rates so high that it put a big time floor under the AUD, as it cost so much to be short the AUD, even if it just traded sideways against the USD or the other major currencies. I actually believe we are near a short term inflection point in the Euro, but Not willing to jump the gun. -g- I'm looking at a few european stocks, and would be even more excited if the European Bourses had not run nearly as much as our market. John