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To: yard_man who wrote (167871)	5/23/2002 7:19:52 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

Not sure if it will be a hard bounce as all pundits are very bullish IMHO it will take a few days of gyrations for a reflex rally Thursday's Dollar, Euro, Chf, Yen, Gbp Elliott Waves Technical Analysis. By James Chorek from Chorek.com 05-23-2002 EURUSD: The break of the .9204 support is the first strong sign of a bear taking hold. Micro-term momentum is finally beginning to increase, as 15-minute indicators are accelerating their recent declines now that they crossed into negative territory. The 1.5-day cycle is not due to bottom till 3:00 PM this afternoon; look for a test—and possible break—of the pivotal .9168 (.382 of .8990-.9278) to .9158 (previous wave .4 reaction low) support by then. Micro-term resistance is at .9218 (.382 of .9269 decline). investavenue.com