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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (27450)	2/4/2003 12:32:12 PM
From: Louis V. Lambrecht	Respond to of 36161

1.11 for the Euro is regarded as this leg's target by many. IMHO, the target should be between 1.17-1.25 which would be a return to the mean (when taken on 30 years chart). I still have Dollar index (57% Euro) bound to 96.5 then 92.5. 1.11 would be DXY 96.5, then DXY 92.5 should be some $1.17ish for the Euro. Any way I take it, I have Feb-Mar targets of >$1.15/Euro. Interesting is that the Swiss comes to life also, slighly better performance than Euro. I wonder if the Swissie will do as in history: second choice haven after gold.