Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: nspolar who wrote (83871)	10/8/2003 6:30:50 PM
From: Haim R. Branisteanu	Respond to of 209892

EZ is starting to hurt at those levels. For them 1.10 to 1.15 is OK but not higher at least not now. Monkeys are selling because that's the trend not because they made their research. Around Sept 1, when the UDX was around 99 and EUR at 1.075 I estimated that the fair value of the EUR would be around 1.10 to 1.13 or 94 to 95 UDX. Now we are well lower on the UDX a 9% move in one month with no big economic changes. Last Friday was a clear example when every one was positioned in one direction.