Euro…This dog put in an outside reversal day to the upside yesterday. This coupled

with a monthly double bottom pattern still intact from 129.70 puts this on buy the breaks mode.

According to Dr. Nenner this currency bottoms this week and has the potential for a big rally. ( Looks like we’ve seen the low) Short term traders should be buying 75-80 point breaks. For Long term investors we will look to buy the next pullback.

Aussie…We got the upside break out last night over 100.50 cash. This should tgt the 102.50 level in the

near term with 101.80 ish being the danger zone. This level represents the weekly double top from Nov. which could trap the longs the first time up.

Longer term 105 + can be in the cards.

Spu…The point & figure shows a possible double top. We doubt this will be the high for the week

but short term traders should pay attention to your Aussie matches at your short term technical levels for areas of possible price rejection.

Soybeans….Jan Beans have hit their upside price tgt. of 13.80. The Beans have led this leg up in the grain related arena vs. the Wheat

in the spring rally.

30 Yr. Bonds…I fully expect the Bonds to print 122 in the March futures.

36.74 is the commensurate TBT level.

Spu/Bonds….pay attention to the game as it unfolds.