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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: SirRealist who wrote (87648)	5/22/2003 6:43:48 PM
From: Jeff Jordan	Respond to of 208838

fibonacci and ewave are two different things. I can sell you Robert Fischer's Fibonacci Applications & Strategies for Traders. Unveiling the secret of the logarithmic spiral. It's an excellent book I don't need anymore. I don't use ebay/amzn.<g> I go to local stores.

To: SirRealist who wrote (87648)	5/26/2003 7:42:55 AM
From: 2MAR$	Read Replies (1) \| Respond to of 208838

Asian Stocks Up as SARS Fears Recede Monday May 26, 2:36 am ET By Raju Gopalakrishnan SINGAPORE (Reuters) - Asian stock markets celebrated on Monday following signs that the SARS epidemic was receding, while the euro paused, perhaps only briefly, in its climb against the dollar. Stock markets were substantially stronger across the region, except in Australia and the Philippines, where indices were flat. Trading, however, was light, with both the United States and Britain on holidays The euro held above $1.18 but was off a high of $1.1838 reached on Friday. The dollar was rangebound against the yen at 116.83/88, with fears of Japanese intervention keeping the greenback from depreciating further. Gold ticked up slightly on the weak dollar but oil prices did not change much from Friday. Dealers said they saw the euro building on gains, although it could be quiet for the rest of Monday, with the United States closed for Memorial Day and the Spring bank holiday in Britain. "I don't think the market will be satisfied until it hits $1.20," said Hiroyuki Watanabe, forex manager at Shinsei Bank. The euro burst through its January 1999 launch rate of $1.1747 on Friday, and the upward momentum increased after it broke resistance at $1.1800, dealers said. Fueling its rise, investors are eagerly seeking higher returns at a time when interest rates of major countries are falling. The U.S. key Federal funds rate is at a four-decade low of 1.25 percent, while the European Central Bank's benchmark interest rate is at 2.50 percent. Stocks in Hong Kong, Taiwan and Singapore surged on signs that the SARS epidemic, which has devastated the region for several months, was being tamed. Hong Kong's Hang Seng index climbed almost 1.5 percent by midsession after the World Health Organisation lifted an advisory warning against travel to the territory, saying the virus was under control. CATHAY LEADS THE WAY Flagship carrier Cathay Pacific Airways Ltd, which has borne the brunt of the downturn in business and tourism, led the way with a 5.3 percent rise. Taiwan stocks closed 2.7 percent up at 4,465.57 points on hopes that the worst of the SARS epidemic was over. But dealers remained a little cautious. "Sentiment appeared to have improved today but we won't be too optimistic until SARS is really under control," said Jim Chang, manager of the US$12 million Kwang Hwa Fund at ABN-AMRO Asset Management. Selling pressure remained heavy at 4,500 points, Chang said. In Japan, the main index closed 0.52 percent higher, propelled higher by bank shares ahead of results later in the day and after they fell last week on the government handout to debt-ridden Resona Holdings Inc, the country's fifth-largest financial institution. "Banks are extending their bounce back from the Resona shock, with investors judging we are not going to see any big troubles from them for the time being," said Tsuyoshi Nomaguchi, a strategist at Daiwa Securities. "But events to trade on are scarce today: the U.S. is on holiday, and with the France summit looming this coming weekend, we could see limited moves throughout the week." The Group of Eight industrial nations will meet on June 1-3 in the French Alps spa town of Evian. Australian stocks were virtually unchanged but markets were substantially stronger in South Korea, New Zealand, Indonesia and Malaysia. Memorial Day in the United States is the traditional start of summer and oil prices surged on Friday ahead of the annual spike in demand and falling U.S. inventories. But prices were flat in Asian trade on Monday with NYMEX crude futures last at $29.16 per barrel, unchanged from Friday. Spot gold was steady at $368.80/9.60, gaining support from a weaker dollar, although many players were on the sidelines due to the holidays in London and New York. Bullion closed at $368.40/369.10 on Friday.