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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: John Madarasz who wrote (50576)	8/18/2002 6:53:41 PM
From: NOW	Read Replies (2) \| Respond to of 209892

beautiful charts John! And great commentary this am. Thank you. I take it your bullhorns are coming off?

To: John Madarasz who wrote (50576)	8/18/2002 8:46:39 PM
From: ajtj99	Read Replies (1) \| Respond to of 209892

John, I've been expecting a 50% re-trace on the USD down to around 106.20 or so before the next move up to the 110-112 range. That seems to mesh well with an expected pullback in the indices this week and a push higher into the end of the month. The USD tracked the drop from May to July pretty impressively. If we re-trace to 110 or 112 on the USD, I believe the next drop would be to the 93-95 range. The way things appear in charts today, the November 7 turn date looks pretty good for a re-test of an October low. I don't recall having a big low in November.