Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.030

-3.7%

Nov 7 9:30 AM EST

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To: md1derful who wrote (7363)	9/2/1998 2:09:00 PM
From: Steve Fancy	Read Replies (1) of 22640

Although not infallable, the 2:00 indicator suggests an upward end-of-day bias. Still think we may go back down over the next week or so, but so many folks are looking for it maybe it won't. Guess it all depends on what happens. CNBC just pointed out that TBR is down on low volume while the Bovespa is up. Bob Pisoni said he's trying to find out what's going on and hoped to update us later. Anyone clear on the word from Japan? After being out of town for a while the following is my understanding...someone please correct me if I'm wrong...If I understand no progress has been made, politicians are basically fighting amongst themselves, and the new PM may be outta there soon. Yen is up against the dollar primarily due to concerns of a US interest rate drop. sf

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