Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: eichler who wrote (80203)	7/14/2001 8:53:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Eichler I spotted the reversal last week when the Euro broke down below 0.840 and every one spoke about 0.82 or lower on the Euro. The fast recovery and the engulfing candle on the charts induced me to speculate that may be fundamentals are coming trough. My one month target is around 0.865 - 0.870 on the Euro but I may be mistaken. There is still wide pessimism on the Euro and the Argentina crisis helps keeping the dollar at present levels .......... therefor the complex top IMHO. But like in anything else financial, fundamentals will prevail. France and Germany have trade surpluses for example. Not sure about Italy, Spain and the Benelux countries. Haim