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

To: John Pitera who wrote (2580)8/9/2000 9:47:49 AM
From: Chris  Read Replies (1) | Respond to of 33421
 
cant express my gratitude on your great work.

your chart expresses my exact thoughts over the last few days.



To: John Pitera who wrote (2580)8/9/2000 1:34:28 PM
From: John Pitera  Read Replies (3) | Respond to of 33421
 
Here is the daily Euro/Yen Cross chart

geocities.com

as we can see the euro has been weak against the yen
the past 10 days but we are now down towards the bottom
of the channel.

With the economy improving fairly dramatically in europe
we could see the euro outperform the Yen on the cross and
ultimately a euro rally to the .98 to 1.01
area against the dollar.

We could see a euro retest of the may 4th and 19th lows
at 88.70


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