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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: DD™ who wrote (713)9/4/1998 4:09:00 PM
From: marc ultra  Read Replies (1) of 15132
 
re:Brazil,Bovespa rallied back a bit from a 12% loss at worse. I think that took the pressure off anxious hedge funds and other big players who were selling S&P futures to cover themselves over the weekend and allowed the pent up buying to come through at the end. Bottom line is it produced a test of the 7400 area. Looks like another crappy week overall but we may be closer to that elusive inflection point and it is possible we saw it today but I sort of doubt it

Marc
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