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

To: hobo who wrote (4045)	6/11/2001 10:37:45 AM
From: John Pitera	Read Replies (3) \| Respond to of 33421

Toscano, the British Pound has been very weak, and has made new 2 year lows the past few days. And the pound has to weaken futher or the Euro rebound if Britain is to join Euro currency. Both the euro and yen economies have some structural issues to deal with. --------- More structural problems for the euro, as we would note that the European Commission is on the verge of implementing EU-wide legislation that would force employers to inform and consult with employees on issues of corporate planning and decision-making. The directive is expected to be applied to companies with 50 or more employees and necessitates that employers must disseminate regular information to workers on the "probable development of the company's activities and its economic and financial situation," while also consulting with them on their employment prospects. While still a long shot, there is even the chance that the legislation could include stiff penalties for companies that breach law, including the freezing any layoffs that come without employee consultation. As far as we are concerned, this has to be considered a hindrance to the euro given the fact that it will likely make it more expensive for corporations to work off excess capacity.

To: hobo who wrote (4045)	7/11/2001 1:38:27 PM
From: John Pitera	Respond to of 33421

The December U.S. dollar index shows a tendency to decline from approximately the second week in July through the middle of November. In 14 years, this has proven accurate 10 times for a reliability of 71%. The average gain in the 10 winning years amounted to $4,395 per contract. The average loss in the remaining 4 losing years came to $4,093 per Weekly Data December U.S. Dollar Index Seasonal YEAR ENTRY EXIT P&L PRICE PRICE $ 1987 99.90 91.18 8720 1988 97.11 91.44 5670 1989 98.99 98.50 490 1990 90.91 81.98 8930 1991 97.82 88.88 8940 1992 85.01 90.25 -5240 1993 95.97 95.20 770 1994 88.22 88.19 30 1995 82.40 83.95 -1550 1996 87.70 86.48 1220 1997 95.23 95.56 -330 1998 101.53 95.55 5980 1999 103.36 100.16 3200 2000 107.16 116.41 -9250 (from this weeks SSB tech perspectives)