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To: J_K who wrote (38693)5/10/2002 6:04:35 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
I am hoping/expecting a down open, and would welcome it for an entry point this morning. Hopefully, I'll nail the right fibo. g, ng

I don't expect the dollar will be that "friendly" (it will weaken or stay flat/only slightly up) on this market up, and ultimately, this divergence will signal the pending demise of up for the equity markets

However, I think sentiment/wave indicators support a run (at least back) to 1696 before more down..at least as a preferred.

Germany national team is looking quite good going into the WC...I think they could surprise (top 4 finish)



To: J_K who wrote (38693)5/10/2002 9:26:30 AM
From: AllansAlias  Respond to of 209892
 
Juergen,

I don't think the dollar is headed down again. I don't think it's headed up again. For now, all we can do is wait for this test of 114 that we forecasted was coming, to work itself out. Time for some jello in the dollar is the favoured scenario.


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