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To: Defrocked who wrote (43487)5/27/1999 10:15:00 AM
From: Lucretius  Read Replies (1) | Respond to of 86076
 
what would be your opinion if Japan and Europe hiked rates



To: Defrocked who wrote (43487)5/27/1999 12:53:00 PM
From: John Pitera  Read Replies (1) | Respond to of 86076
 
One more thought on Dollar/Yen and the 121 area.

The momentum on the Dollar advance to 124 was very strong, giving a very high overbought reading on the 14 day RSI and several other momentum oscillators, This means that we should (90% confidence interval) see a higher high for $/yen over the next several weeks. 127 to 130 is the minimum , I would expect.

Only a serious and sustained breach of the 200 dma would start to call this view into question.