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<DIV><FONT color=#000000 size=2>Peter:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Here are my thoughts intraday.</FONT></DIV>
<DIV><FONT size=2></FONT><FONT color=#000000 size=2>20 minute cyclical study
shows the following</FONT></DIV>
<DIV><FONT color=#000000 size=2>GBP Topped at 1.6613 Next bottom at 13:41
EST</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>DEM Bottomed at 1.7762 Next
top at 12:21 EST</FONT></DIV>
<DIV><FONT size=2>CHF Bottomed at 1.4915 Next top at 12:01 EST</FONT></DIV>
<DIV><FONT size=2>These are estimates, actual times will vary + or - 20
minutes</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Richard J. Chehovin</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>peter <<A
href="mailto:derivatives@xxxxxxxxxxx";>derivatives@xxxxxxxxxxx</A>><BR><B>To:
</B>RealTraders Discussion Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Friday, July 24, 1998 9:13 AM<BR><B>Subject:
</B>currencies<BR><BR></DIV></FONT>
<DIV><FONT color=#000000 size=2>Any one with firm views on the British Pound ,
Swiss franc , or Deutschemark . For some reason copper lately has been moving in
tandem with the later two.</FONT></DIV>
<DIV><FONT color=#000000 size=2>
regards Peter</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Fri Jul 24 08:57:38 1998
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From: "Stuart Hazlewood" <shazlewood@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: 10:30 am low
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One theory of S&P action is to watch the market during the first hour of trading.
After 10:30 EST it is often a good idea to place a buy stop 1 tick above the daily high and a sell stop one tick below the daily low.
The low of the day at 10:30 am was 1139.75. We have just traded through that number to the downside. Let's see if the theory holds true. If so, expect a further move South.
Usual disclaimers ... I'm just putting this out as a real time experiment. Not a recommendation or anything of that sort.
- Stuart
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