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

To: Logain Ablar who wrote (1840)	5/30/2000 5:48:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Hi Tim, thanks for that link, also it's very important that the cash TBILL was trading under the discount rate by the end of last week. Bob sleuthed that little nugget out and it could well be portending an end in this current rate tightening cycle. If we have not seen the last rate hike then we are fairly close to it. I suspect the strong rally in the Euro with it hitting it's double bottom on May 4th and then May 19th could also be telling us that interest rate differentials are getting to their maximum. IE. the Fed is finishing it's rate hiking cycle. Watch those currency cross rates, they speak very loudly if one listens. and btw we did do a pretty good job on this thread of finding the low in the Euro this month, we were throwing around levels like .8870 and .8760, so maybe we someone will send along a CYBER Gold star -g-