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Mervin Yeung wrote:
> Hi RTs,
>
> Yen (June 2000 contract) shot up more than 300 ticks against USD on March
> 31, 2000. The following trading day, April 3, 2000 Monday, NASDAQ fell
> apart despite that BoJ intervened to suppress yen. I did an analysis. It
> is available at:
> http://skybluemonthly.freeservers.com/sbm/sbm00j.htm
> (The first half of this article is general review. The analysis on rising
> yen is at the second half of the article.)
>
> Any comment will be appreciated!
>
> Mervin,
I refer you to my April 4, 2000 reply to Earl's inquiry about Yen on the
GET list.
Subject:
Re: [get_traders] J Yen
Date:
Tue, 04 Apr 2000 14:24:39 -0700
From:
nwinski <nwinski@xxxxxxxxxxxxxxx>
Reply-To:
get_traders@xxxxxxxxxxx
Organization:
InfiNet
To:
get_traders@xxxxxxxxxxx
References:
1 , 2 , 3 , 4 , 5 , 6 , 7
Earl Adamy wrote:
> Anyone else tracking JY for a major bottom followed by rally into 120?
> I'm using my own counts on JY weekly with 25Feb PL labeled w.A, 31Mar PH
> labeled (tentatively) w.B, and projecting w.C to 8700. While w.B closed
> inside the 78% retracement on the weekly continuation, a look at the
> June contract shows that the high was 10 ticks shy of the 78%
> retracement. Chart attached. Any other ideas?
>
> Earl,
I am often amazed that you are looking at the same markets and same
timing that
the stars tell me to look at. The only major change in trend for JY
generated by my
February Astro screen was Feb. 22, very near the low. In fact, my Astro
screen only
generated two major JY changes in trend for all of Feb., and March. The
second was
for the March 31 weekend. Now, the price chart definitely looks like it is
tracing
out a nice 5 wave pattern and that it may now be in a minor wave IV. The
Astro
cycles indicate that the Yen has a major move coming April 13 - April 25,
which is
likely to be to the upside. April 25 may well be the top of big Wave I. If
the
scenario is anywhere close to being correct, the exciting news is when the
big Wave
II has completed, we may be able to jump on for a very big Wave III ride.
Happy Sushi,
Norman Winski
Astro-Trend
nwinski@xxxxxxxxxxxxxxx
>
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