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To: LLCF who wrote (171909)6/11/2002 4:33:46 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
New closing low on the clownbuck:

quotes.ino.com

Looks like major support breached again...will it finally spook the EuroBagholders?



To: LLCF who wrote (171909)6/11/2002 4:47:10 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 436258
 
there is a possibility that the EUR will go to parity within a year but nothing goes in a straight line. By any measure the EUR is now overbought. There are articles about the weak USD all over the place that is a sure sign of a top.

travel to Europe is much more expensive due to their own inflation and due to the EUR that will hurt EZ economies and benefit the USD zone.

a 10% move over a year makes sense and business can adjust and 10% move in 6 weeks inflicts damage