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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (480)	12/7/2000 8:11:41 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 12411

Been travelling but heard the US dollar was weaker and CDN had gained a little. Based on the skimpy news I could pretty much picture in my mind how the chart had changed and sure enough, broke the major swing low, climbed back just inside the range, and has since moved down. With all markets I trade I'd be short on just such a move, with very little risk to boot. Agreed that 112 and perhaps beyond are in sight. By the 'M' pattern you refer to, are you looking at the semi-inclined 'M' on the daily? That looks like an exhaustion pattern to me as well. Linda Raschke fans might call it 'three little indians' but that's not very PC.