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To: Paul Shread who wrote (42989)6/25/2002 12:27:55 PM
From: Shack  Respond to of 209892
 
Its damn near perfect Paul, but the measured move wouldn't take it that far, to 110 maybe.



To: Paul Shread who wrote (42989)6/25/2002 12:31:52 PM
From: AllansAlias  Respond to of 209892
 
Might be, but almost every bounce after a decent slide looks like an inverse H&S. On the way down you get a left shoulder on the last 4/b pause, then a head on the last drop, and on the way up, a right shoulder on the 2/b pause.



To: Paul Shread who wrote (42989)6/25/2002 1:48:38 PM
From: ajtj99  Respond to of 209892
 
Paul, come on. Don't make me crack up laughing <G>.

Too late. I usually don't LOL while online.

I was lobbying hard to hedge the clownbuck in our place of business when it dropped through 114 (I run it, but that decision is made by the owner). He (with the help of his Harvard Econ honors son) decided that people cannot predict currency market direction, and this information is known to everyone, and as such nobody can be certain it will behave predictably.

That kind of thinking is out the window now at our place <G>.



To: Paul Shread who wrote (42989)6/25/2002 1:50:28 PM
From: ajtj99  Read Replies (1) | Respond to of 209892
 
Actually, I probably should have looked at the chart before I posted. I was assuming it was going to show something that would take it above 114 or so.

I expect the buck to hit 105 when the market bottoms and re-trace to around 110 or 111 if we're lucky. Longer term I'm looking for 90-95, with around 90 necessary to maintain the long term uptrend.