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Strategies & Market Trends : The Millennium Crash

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To: GROUND ZERO™ who wrote (1458)	10/29/1997 7:29:00 PM
From: bobby beara	Read Replies (1) of 5676

Hi GZ, glad you didn't take my advice. What a rebound, the bulls have charged their credit cards to the hilt to get the buying opportunity of the century. The Asians are pulling Treasury money out to defend their currencies while the prudent bulls buy treasuries. I'm not so sure treasuries are a great long term investment. I was talking to a coin dealer who is very in the economic know and could give tekgk a good run for the Jeopardy Economic Game. She wrote an article on currency arbritrage. She calls the dollar sick though better than the other currencies in the world that are bedridden (she published this in August - the SE Asian currencies are in the ER on life support now, and need a George Clooney resuscitation -g-) She showed me a long term chart of the buying power of the dollar, which was a 45 degree down angle. I we might expect at least a re-test of the lows before we go higher. A billion plus share day had to chew up a ton of liquidity. We may have set in a new resistance of 7650. Today was hump day and a flat day with the tech's again on the retreat. God bless bb

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