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

To: mishedlo who wrote (64056)	1/20/2003 7:51:07 PM
From: At_The_Ask	Read Replies (1) \| Respond to of 209892

Speculators are the longest yen vs dollar than they've been since 99, it's possible boj may try to flatten them by some real intervention, but long term the chart don't look good. The big fibs and the channel that I posted are the main reasons to look for some $ relief around this level. 100.5 is .5 retrace of the big move up from 80. .618 off the move from 90. But it can always go lower, a couple of white daily bars would give me a little more confidence. My bashing of the three of three down theory wasn't directed solely at zoran, all kinds of guys, (damn near everybody), have that count including prechter. I just find it unlikely and think it's bear dreams. 600 spx is hardly bullish and I think we will go lower eventually, just not all at once. Betting on jello is almost always a good bet.