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: Doug R who wrote (21574)	9/22/1998 9:12:00 PM
From: Sergio H	Read Replies (1) of 79262

Ola Doug. Some interesting data from today's market activity: Investors pulled as much as $9 billion more from stock funds in August than they put in, in the first month of net redemptions since 1990, according to fund data collectors' estimates. (from WSJ) First Call's earning estimates for the S&p 500 are slightly lower for the upcoming third quarter than for the comparable quarter last year. * Russell stocks were moving today. Perhaps the money that was pulled out of the market is finding its way back into the small caps. Could be a false signal, fostered by the possibility of a rate cut next week or a real rally, but too early to tell. * Bad news is coming out of the oil sector due to the problems caused by the price weakness of the commodity, but the oil futures are slowly creeping up. Traders are looking at the Dec. prices setting the $16 mark as the belweather. Closing price today $15.67/barrel. Hey, take a look at the news on FRNT, one of your picks. Free rides man!!!!!! Also, RADAF announced another share buy back plan after the bell this evening.. Sergio

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