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To: Tom Swift who wrote (287055)	5/13/2004 2:12:04 AM
From: Michael Watkins	Read Replies (1) \| Respond to of 436258

I'm looking at individual currencies, but also the dollar index. EURUSD is a 2 bar bear flag in progress just above an important swing low. GBP hovering right above a test of its swing low. USDCAD has been stair stepping up, perhaps getting a bit stretched and ready for a turn but could go further here on news. USDCHF is in an uptrend on the weekly chart, a 2 bar bull flag in place now. AUDUSD is trending down, just broke a 2 inside days to continue down, currently -1.35%. The Polish Zloty is poised to lose ground here against USD on a ledge forming just under USDPLN high. etc. Depending on the news, the USD will fly or die here soon me thinks - could just be for a 1 day surge on an orgy of buying or covering... but perhaps not. Seems so many commentators are betting the USD weakens "sometime" that probably the surprise move is up.