Investment in Russia and Eastern Europe Message Board

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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: Paul Berliner who wrote (830)	11/22/1998 4:23:00 PM
From: Real Man	Read Replies (2) of 1301

Lots of rallies start this way. We'll have to see whether this rally is sustainable. I would expect a pullback on Monday, but maybe not - if there are more shorts left. I agree, the market is down a lot from the top, but it's also up more than 100% from the bottom. TNT, ROS broke 50 DMA on Friday in a very decisive fashion, now they can go all the way up to 200 DMA, which is way above. Then we'll see. Both TNT and ROS are up more than 300% from the bottom. I'm not so sure about short-term technicals - seem to be pointing up.

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