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To: NOW who wrote (5187)	6/15/2001 3:35:10 PM
From: JRI	Read Replies (1) \| Respond to of 209892

I'm not totally sold on down...just, I think in the 2070-2100 area (IF other indicators, including e-waves line up)....then I think that is a good r/r area...for continuation of the down Any break of 2100 would turn me cautious (and I'd get out)...but, the weekly charts are going to look so ugly....bears look in control to me, so I'm trying to construct down scenarios.. I'm surprised...this thing can't even get off the mat here...if we dump into Monday morning...I'll get interested in longs again..

To: NOW who wrote (5187)	6/15/2001 9:51:08 PM
From: skinowski	Respond to of 209892

I believe it was in today’s Financial Times that I saw a chart of the Euro in relation to the dollar. It showed a clear 5-wave decline, followed by a rally and a retracement (likely A and B). If I am right, the dollar probably did peak, and the euro should rally against the dollar in a wave C. Coincidently, the cover of Newsweek (probably the European edition; I saw it on an airplane) was extremely negative against the Euro. Will be interesting to see how it plays out, and how it ties in with your observation.