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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (2518)	8/23/2000 9:54:16 AM
From: John Pitera	Read Replies (1) \| Respond to of 3536

here is a chart I posted also on my market lab thread, but I thought it appropriate to post it here on the currency thread. ------- Here is the daily spot euro chart. Note the momentum buy divergence on the green 14 day RSI overlay on the daily bar chart. geocities.com Also the MACD is giving momentum buy signals. Also note the potential of a rounding bottom, accompanied by widespread talks of impending new all time lows for the euro. If we do see US stockmarket weakness, maybe it will be due to some USDollar weakness which is also expressed by euro and other currency strength. John