The Chart du Jour

Euro Thoughts

September 1, 2001

By, Barclay T. Leib

Back on October 27, 2000 the euro left a low at 82.28. At the time, this was not a level that we found of any great Fibonacci importance, and thus since that time, we have never been entirely happy with this low. In our opinion, .8050 or even .7750 would both represent better longer term downside targets basis Fibonacci rhythms for the European currency to eventually reach.

The euro has of course launched a somewhat substantive rally since last October, and a few subscribers have recently asked us our opinion of the euro from here.

First, let us preface that the euro chart pattern is a slightly jumbled one and it is not the most compelling pattern we have ever seen -- certainly not as compelling as the current patterns in the precious metals. Yet, as shown on the weekly and daily charts below, we think the euro is likely poised to assault the .9670-.9730 region first, before heading to eventual new lows longer term. This may well represent a final C wave rally within a complex and large 4th wave period. We'd look for the euro top somewhere in the October-February time window, with substantive renewed dollar strength to re-emerge thereafter.

Chart produced using Advanced GET End-of-Day

Chart produced using Advanced GET End-of-Day

Non-subscribers are invited to sign up for a quarterly subscription below. Sand Spring's latest thoughts will all be accessible via an immediate e-mail. A user-id and password for web access to all past and future articles will then follow by a separate e-mail.

How Your Articles Are Delivered
Upon the processing of your credit card or the receipt of a personal check, Sand Spring will e-mail you the articles requested as a Word attachment, and also provide you with a WWW address and password to view the article on the web without using Word should you so desire. Confirmation of your order will be immediate, and the actual article will follow by e-mail typically within a few hours and in all cases before the opening of NYSE trading on the following day.

Ordering by Credit Card:
Our shopping cart is designed for both physical and subscription products, so do not be confused too much when it asks you for a shipping address. A correct address is important only for credit card authorization purposes. Your e-mail information is the most important piece of information to us for proper delivery of your article(s).

Disclosure Statement

Sand Spring Advisors provides information and analysis from sources and using methods it believes reliable, but cannot accept responsibility for any trading losses that may be incurred as a result of our analysis. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities, and should always trade at a position size level well within their financial condition. Principals of Sand Spring Advisors may carry positions in securities or futures discussed, but as a matter of policy will always so disclose this if it is the case, and will specifically not trade in any described security or futures for a period 5 business days prior to or subsequent to a commentary being released on a given security or futures.

If you order by credit card, your credit card will be billed as "Sand Spring Advisors LLC"

Should you have any ordering problems, please contact us at
973-829-1962 or by email at the address below:

Take me back to the Sand Spring Home Page

Comments or Problems

Thank you for visiting Sand Spring Advisors LLC, Inc. We hope to hear from you again soon. For more information on Sand Spring Advisors actual programs, services, or to request a copy of a Disclosure Document, please phone us at 973 829 1962, FAX your request to 973 829 1962, or e-mail us at

Corporate Office:
10 Jenks Road,
Morristown, NJ 07960
Phone: 973 829 1962
Facsimile: 973 829 1962

Best Experienced with
Microsoft Internet Explorer
Click here to start.

The material located on this website is also the copyrighted work of Sand Spring Advisors LLC. No party may copy, distribute or prepare derivative works based on this material in any manner without the expressed permission of Sand Spring Advisors LLC

This page and all contents are Copyright 2000 by Sand Spring Advisors, LLC, Morristown, NJ