Currency Market - Swiss Franc Highlight #3

Major Swiss Franc low identified through numerous ALIGNMENTS of information in "The $upertrader's Reference Manual".

(COMMENT #s 498)

UPDATED 19980708

COMMENT 1998-498

1. Now let's turn to page 298 in "The 1998 $upertrader's Almanac - 2nd Half Edition".

2. Look at that long term seasonal tendency the rest of the year.

3. We're down here near the lows of the year in this market.

4. But look at that monthly "Inversion Cycle Index" on page 339 of "The 1998-99 $upertrader's Book of Linear Time Cycles".

5. Now turn to page 341 where we see the same in the weekly index (they're the "dotted" lines and only become significant when they peak - on their own, they suggest that either a "high" or "low" will form, but not which, nor do they suggest trend).

6. This "monthly/weekly" "Inversion Cycle" ALIGNMENT actually occurs at the end of the month as can be seen on page 153 (use the July markets for the "MIC" and not the August in the listings).

7. The market's right now sitting on both its August, 1997 and April, 1998 lows.

8. Let's begin approaching this market from the long side.

9. The trading technique on pages 205-209 is appropriate for this market today and so long as Friday's low holds.

10. The stop's a long ways away, however.

11. Let's thus use something like the entry techniques shown on pages 236-237.

12. The "London Financial Times" ran an article where this country was threatening a trade war a few days ago which received absolutely zero press here in the States - suggests there's more than meets the eye here.

13. The reader should observe that trading is simply the process of identifying a number of situations such as this one that have a chance of working out quite well if the analysis is correct but which involve very little risk to capital if wrong.

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