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To: chic_hearne who wrote (7549)	9/5/2000 10:23:09 AM
From: andreas_wonisch	Respond to of 275872

Chic, Re: The key for this week is staying above the moving averages (about $36). While watching the RTQ I noticed very strong support at $35 1/2 -- just $1/2 above the old resistance level. As long as we don't go any lower we are just fine IMO. A close above $36 (50 DMA) would be even better but there seems some resistance at this level right now. Maybe it's a good time to buy now? I'm currently 50% in cash and still waiting for a good reentry point. I see the Euro setting all time lows last week v. the dollar. It's only going to get worse, thank your central bankers. It's currently at 0,8877 -- that's very close to the all time low. But I don't think that with a 0.5% rate hike it would be doing much better, it was at roughly the same level already three months ago. The main problem is the perception of the new currency by the markets not the Central European Bank. IMO The Euro will recover in the future because economy numbers are still improving here in Europe and are favorable compared to the US. Don't believe everything Fleckenstein & Co. are writing... Andreas