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Strategies & Market Trends : today's chart

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To: Claud B who wrote (1004)	9/12/1998 12:42:00 AM
From: Claud B	Read Replies (2) of 1267

**CHARTS UPDATED** As most of you know, I've been in the camp that believes a major low is in place. I still believe that and expect a robust rally to develop from roughly present levels. I say "roughly" because on any given day we CAN swing 300-400 points intra-day. This week, Bonds continued their ascent while the loveable Dollar continued to part company with its bosom buddy. I think this is good for the markets. The Summation index may yet improve (believe it or not) and I see what may be the beginning of a hook to the upside. The VIX I think has done about as much "rubbing it in" as it's going to for now. ....And even the "unloved" Russell 2000 has held support, and, who knows, may even surprise a few people. The '87 & '98 comparison has been in step so far. (I particularly liked the forecast of a strong Friday.) Does this mean a strong Monday? Stay tuned. As for the two new additions, both the YEN and Crude Oil continued their rally phase, as we pointed out here last week. Notice how oils and oil service stocks behaved ALL WEEK. Hope everyone has a great week-end and a calmer week. Claud -- pw1.netcom.com

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