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To: Moominoid who wrote (40513)5/12/1999 12:19:00 PM
From: John Pitera  Respond to of 86076
 
are you looking at a monthly chart? the double bottom that I mentioned
was with the 1986 low .

I suspect that the H&S bottom you are talking about is on the one year daily chart. I was in Sydney avidly watching the AUD in 1986 as it finished it's decline from a floating of 104. down to 57.10 in June of 1986. It rallied 3 cents and thus spent less than a day under .60