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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (52725)	8/28/2004 8:03:21 AM
From: macavity	Respond to of 74559

Convincing? I just hope that as many as he claims are unconvinced. I look frequently and see this churning between 1.20 -1.25 in two ways. i) consolidation before a re-test of 1.30, or ii) the first stage of a reversal to 1.14-1.10 region If we find support in 1.1950 region then we reverse if not we breakdown. The weekly trends remain flat, and we are in a range until further notice. At 1.20 my plans look good at 1.24/5 your plans look good. If/when the range breaks I will follow it. For now long USD short EUR from 1.23. I will bail out (go flat) a lot quicker this time should we the dollar head back south! My Cyclical Indicators are neutral (but rising) the mo. -macavity