The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Matt G. who wrote (20616)	8/17/1998 2:29:00 PM
From: Doug R	Read Replies (2) of 79273

Matt, Well, there goes Russia. 34% devaluation is a bit more than Soros was lobbying for. The market is so far yawning at the news. China, Hong Kong and Japan's currencies are now more relatively inflated than yesterday but overall equilibrium is coming closer. Exports from the entire region should soon return to a more stable dynamic and there has been no real change in the political arena there. The rate of growth here will be more discernible and as a result the Street will be able to project which industries and companies are positioned best. Since market leadership is necessary to sustain the secular bull market, the leaders will be showing themselves as all this fundamental stuff gets digested. Doug R PS; David, and just when you thought it was safe to get back up...>>gg<<

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