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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: awi who wrote (85624)	2/20/2001 1:49:52 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

Euro weekly: tfc-charts.w2d.com a bullish chart formation nevertheless. looking at the daily chart tfc-charts.w2d.com this strikes me as a normal retracement of the initial rally...it will take some time for the new trend to firmly establish itself. currency trends are among the most inert...but the Fed is printing money at banana republic rates (between November and now broad money supply has expanded at close to 20% annualized) and eventually this surfeit of paper is going to come home to roost. Euro zone money supply grows at much slower rates...when the ECB sees growth rates above 5% it rightly gets nervous. the Fed has in the meantime dropped all pretense that it is looking after the currency...it is in bubble management mode instead.