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Strategies & Market Trends : January Effect 2003 -- Ignore unavailable to you. Want to Upgrade?

To: Londo who wrote (620)	6/26/2003 4:57:38 AM
From: RockyBalboa	Respond to of 666

Your buy limit must have been reached right now - EUR washout downto 1.1460 for the cash. Count me in, for a few pips (but I will be gone if some bozos continue with selling). Daily chart picture is not pretty for the EUR - I suppose some test of the 1.1350 area, at least.

To: Londo who wrote (620)	6/26/2003 6:11:51 AM
From: RockyBalboa	Respond to of 666

The Pound and the Canuck appears to be a little stronger. . EUR looks still unstable and doggy. There is no reason to believe that the seller was done at just 1.1460 right now, I think we are nowhere near a bottom. Absent economic news the selling remains and for the market makers there is no reason to bid the eur up. I might think it tests the 1.14 next. That said with the right amount of discipline especially when it comes to exiting positions it is still a good trader. Can't complain here. But it looks like I have to postpone the JPY 100 stargazing project a bit. The sour reaction after the 25bp cut didn't help, despite anticipating the quarter cut I expected the currency to be stable. Only problem was others didn't.