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To: donald sew who wrote (20209)	7/15/1999 4:28:00 PM
From: pater tenebrarum	Respond to of 99985

Don, the analyst (a Mr. Roth) is 100% right; although he didn't say so out loud, the message was clear: the books were cooked, and the revelation of the truth has thereby been postponed. regards, hb

To: donald sew who wrote (20209)	7/15/1999 4:30:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Don, since the release of the april CPI the administration is scared of pricking the bubble. it is all an attempt to postpone the inevitable until the rest of the world has recovered. regards, hb

To: donald sew who wrote (20209)	7/15/1999 4:52:00 PM
From: Les H	Respond to of 99985

TALK FROM TRENCHES: STILL WORRIED ABOUT INFLATION; MANAGING YEN 13:28 EDT 07/15 By Isobel Kennedy NEW YORK (MktNews) - U.S. Treasuries tried to do better again Thursday after the friendly CPI report but, in a repeat of yesterday, the market faded back. There were reports of a large curve unwind where one account sold a large block of bonds and bought back five-year notes. Sources say there has been talk of similar curve unwinds executed by other accounts. The unwinds caused the 2/30Y curve to steepen out to +39 bps at one point this morning vs. a recent narrow of +36 bps. Traders say there are deeper factors weighing on the market: a lack of professional shorts, and a disciplined and patient retail base that is looking for more attractive rates before jumping back in. Others say prices are near the higher end of their recent range, taking the steam out of the market. Treasury players are still on inflation watch and don't seem to be buying the good inflation data that has been coming down the pike. One trader said today's CPI is a "rear view number" and does not give a good picture of current or upcoming inflation. One economist says favorable June CPI "won't be repeated next month -- look for a rebound." He added that the not-so-friendly July CPI will be released a week before the Aug 24 FOMC. The market is also nervously looking ahead to Mr. Greenspan's Humphrey-Hawkins testimony. The first leg will be delivered before the House Banking Committee on July 22. He testifies to the Senate Banking Committee on July 28. Earlier Thursday, Treasuries did receive some support as customers sold German bunds and bought the U.S. market. The selling of bunds emerged when Will Duisenberg, President of the European Central Bank, surprised the markets by hinting the ECB has moved a bit closer to adopting a tightening bias. During the earlier part of this week, European bonds outperformed the U.S markets. Analysts said the strength was related to hopes the euro would bottom out. On Wednesday, European and Asian central banks sold two-year notes. There was speculation they were raising U.S. dollars to intervene on behalf of the euro just in case it didn't bottom out. But for now, most seem to think a one-to-one parity with the U.S. dollar wouldn't be so bad and a medium-term bottom for the beleaguered currency. More rumors about the Bank of Japan selling yen to buy dollars this morning. If they are true, it would mark the sixth time in two months Japan has intervened to restrain excessive yen strength as part of the government's attempt to shore up its ailing economy. Thursday morning, MOF's Kuroda said Japan is aiming for a "managed floating" exchange rate regime for the yen, not keeping it within a set range against the dollar and euro. He also repeated he would discourage any "premature" yen strength "for the foreseeable future". Kuroda also said he was confident economic fundamentals would allow the euro to rebound against the yen and dollar soon, reversing its recent slide. By the way, Japan's current account surplus fell to Y1.05 trillion in May, down 23.7% from a year earlier. Exports to the U.S. and to Asian countries increased 0.3% and 1.6%, respectively. Imports from the U.S. and the EU retreated 9.1% and 0.4%. But imports from Asian neighbors leaped 19.2%, marking the fourth consecutive month of growth. Chinese Premier Zhu Rongji will chair an urgent meeting of provincial chiefs this week to help draw up additional economic stimulus measures and ways to contain deflation. On Wednesday, the State Development Planning Commission issued a strong warning that the country's economic growth is likely to be more problematic later in the year. Yesterday, China reported its trade surplus dropped from $22.5 billion to $8 billion in the first six months. While a drop in China's exports might prompt talk of devaluation, many analysts think such an act would be counter productive. Since they import about 55% of the raw materials used for their exports, a devaluation would increase their production costs and increase the cost of the finished product. These analysts do however look for a "controlled" devaluation in the neighborhood of 10-20% that would be eased into the market sometime in the next year. As people around the world prepare to celebrate the new millenium, OPEC may have a party of its own. They are trying to arrange for a heads-of-state summit in Caracas in 2000. It would be the first such gathering in 25 years. --- Rob Ramos, Joe Plocek, Claudia Hirsch contributed to this article.

To: donald sew who wrote (20209)	7/15/1999 5:00:00 PM
From: pater tenebrarum	Respond to of 99985

re: the dates covered by the report - it was the same time span supposedly covered by the CPI report, which proves that it is phony. regards, hb

To: donald sew who wrote (20209)	7/15/1999 6:17:00 PM
From: Haim R. Branisteanu	Respond to of 99985

Analysis of end of Day Closing prices and recommendations in Rubins & Uncle Al Tulips Market - Do you believe the CPI numbers Retail Sales revised up to 3.5% from 2.5% This is the most effective list, but validate signals. Results are relative to the SPX and move relative to the SPX - Haim see more data & info at bway.net including stock charts from this scan -see- Todays Charts Today is 07/15/99 Remember this is a computer scan only S&P Closed 1409.62 Oil 20.25 July Average $19.80 $2 above June S&P Change 11.450 VIX 19.69 Equity P/C 0.32 Recomandation Price Stoch. RSI RSI RS Change ROC% BUY SIGNAL ON ANN 40.000 22.124 44 2 319 SELL SIGNAL ON BMY 75.438 94.015 70 1 -76 SELL SIGNAL ON CGEN 13.812 79.545 54 -1 -5 BUY SIGNAL ON GLX 55.750 22.072 44 2 3 BUY SIGNAL ON GYMB 6.375 4.132 23 1 3 BUY SIGNAL ON HMT 10.750 10.843 26 4 10 BUY SIGNAL ON JCP 46.250 13.546 40 7 8 SELL SIGNAL ON MU 55.312 88.525 69 -3 -55 BUY SIGNAL ON TOY 17.625 7.407 29 4 44 SELL SIGNAL ON TX 67.062 87.560 59 -2 -22 SELL SIGNAL ON XOMA 7.094 74.419 61 -3 -20 BUY SIGNAL ON HOT 28.938 17.778 42 11 14 BUY SIGNAL ON DIS 28.125 20.106 43 6 0 CURR PREV CURR STOCH TICKER NAME CLOSE CLOSE Vol % %K %D RSI ------------------------ ------- ------- ------- ------- ------- ------- AAPL AAPL 53.250 55.938 432.651% 85.196 88.121 61.123 * VOLUME BREAKOUT 432.651 PERCENT OVER LAST 30 DAYS AMGN AMGN 78.875 77.125 130.646% 97.632 94.297 76.995 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE QQQ QQQ 121.625 120.500 64.278% 92.584 90.363 69.939 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE ANN ANN 40.000 39.438 128.375% 22.124 19.399 44.250 * STOCH BUY ARC ARC 94.625 91.875 94.039% 94.220 91.435 74.384 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE BDK BDK 61.250 59.812 144.179% 18.376 16.919 57.223 * STOCH BUY BGEN BGEN 69.188 66.188 0.506% 89.799 83.723 68.559 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE BMCS BMCS 60.781 58.562 159.117% 85.017 84.148 69.075 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE BMET BMET 35.062 37.625 367.580% 11.838 19.095 33.864 * VOLUME BREAKOUT 367.580 PERCENT OVER LAST 30 DAYS BMY BMY 75.438 74.812 110.253% 94.015 94.498 70.058 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE * STOCH SELL CGEN CGEN 13.812 13.875 14.155% 79.545 81.214 54.124 * STOCH SELL CMVT CMVT 80.719 78.250 63.430% 78.909 76.339 65.041 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE CNTO CNTO 53.812 51.438 247.007% 90.833 85.456 66.930 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE CPQ CPQ 27.875 28.000 112.026% 94.062 92.604 69.874 * RSI SELL CUM CUM 60.562 56.938 344.782% 70.438 63.142 70.027 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE * VOLUME BREAKOUT 344.782 PERCENT OVER LAST 30 DAYS ELT ELT 11.750 11.562 625.836% 91.892 87.797 64.055 * VOLUME BREAKOUT 625.836 PERCENT OVER LAST 30 DAYS FAST FAST 55.688 55.188 115.508% 96.113 88.888 66.694 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE FDX FDX 48.438 49.125 73.355% 10.880 10.049 37.623 * STOCH BUY GENZ GENZ 58.312 55.875 0.276% 100.000 95.454 73.677 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE GIS GIS 83.688 83.188 72.878% 88.479 84.622 75.585 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE GLX GLX 55.750 55.312 71.787% 22.072 20.176 44.729 * STOCH BUY GTE GTE 76.750 74.062 175.314% 74.309 68.786 66.130 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE GYMB GYMB 6.375 6.250 66.128% 4.132 3.618 23.227 * STOCH BUY HAS HAS 27.625 26.188 570.606% 48.198 31.608 51.258 * VOLUME BREAKOUT 570.606 PERCENT OVER LAST 30 DAYS HD HD 69.750 66.000 145.365% 93.557 92.760 75.453 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE HIT HIT 109.000 103.938 269.444% 93.450 92.484 81.703 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE HMT HMT 10.750 10.625 255.039% 10.843 8.934 26.082 * STOCH BUY HWP HWP 113.000 108.438 138.652% 95.166 95.236 75.623 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE IFN IFN 11.562 11.438 90.352% 93.805 92.736 76.033 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE INGR INGR 5.188 5.000 315.600% 5.479 7.540 27.500 * VOLUME BREAKOUT 315.600 PERCENT OVER LAST 30 DAYS STK STK 26.000 24.625 136.500% 89.518 89.190 73.644 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE ISL ISL 15.875 15.438 67.291% 94.000 81.288 70.890 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE ITA ITA 15.250 15.000 18.746% 87.500 86.873 63.890 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE IVX IVX 16.688 16.375 88.951% 90.551 91.626 74.979 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE JCP JCP 46.250 45.125 208.408% 13.546 10.757 40.520 * STOCH BUY JNJ JNJ 96.750 96.125 111.703% 77.722 79.347 56.991 * STOCH SELL KYO KYO 68.375 67.000 206.128% 92.657 91.958 74.582 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE LU LU 77.625 75.000 122.392% 95.603 94.317 77.477 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE MENT MENT 14.344 14.500 54.985% 80.357 82.449 61.725 * STOCH SELL MSFT MSFT 94.375 94.938 102.725% 93.678 94.019 67.112 * STOCH SELL MU MU 55.312 56.625 107.632% 88.525 90.285 69.848 * STOCH SELL * RSI SELL NKE NKE 57.562 54.750 154.223% 18.695 14.986 49.397 * STOCH BUY SNE SNE 126.250 120.625 259.636% 95.884 96.085 84.970 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE TOY TOY 17.625 17.188 121.142% 7.407 5.855 29.108 * STOCH BUY TX TX 67.062 67.625 87.391% 87.560 88.139 59.482 * STOCH SELL TXN TXN 153.250 150.000 74.448% 94.589 92.775 73.985 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE UNP UNP 59.188 59.062 41.268% 72.872 77.035 52.601 * STOCH SELL VSH VSH 22.062 20.938 158.800% 79.817 70.432 72.644 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE XOMA XOMA 7.094 7.344 100.937% 74.419 77.293 61.267 * STOCH SELL HOT HOT 28.938 27.625 90.551% 17.778 14.614 42.734 * STOCH BUY BA BA 46.750 47.625 212.634% 84.342 86.638 65.638 * STOCH SELL * RSI SELL CUBE CUBE 35.438 37.062 138.483% 89.274 88.137 65.791 * RSI SELL DIS DIS 28.125 27.500 120.869% 20.106 18.925 43.176 * STOCH BUY KOR KOR 23.000 22.438 204.962% 19.380 18.777 51.556 * STOCH BUY GTW GTW 72.000 73.250 169.898% 86.625 87.017 65.401 * STOCH SELL INTC INTC 67.688 68.000 114.705% 93.881 93.480 69.948 * RSI SELL EWJ EWJ 13.188 13.062 84.712% 87.500 81.830 70.199 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE ERC ERC 18.000 17.500 33.137% 90.152 90.628 81.755 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE DSP DSP 25.062 31.188 1301.90% 49.455 62.892 35.843 * VOLUME BREAKOUT 1301.90 PERCENT OVER LAST 30 DAYS CD CD 21.500 20.938 131.579% 91.406 89.450 66.311 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE GLM GLM 17.125 17.188 143.379% 90.566 91.381 64.760 * STOCH SELL IIF IIF 11.312 11.625 100.550% 94.783 95.954 74.315 * STOCH SELL NT NT 94.062 92.125 64.393% 84.181 80.762 67.970 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE BPA BPA 121.500 118.500 179.446% 94.331 91.890 73.471 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE EMC EMC 64.875 63.625 130.563% 96.780 92.672 70.516 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE TLAB TLAB 73.000 70.000 124.424% 58.219 51.269 62.811 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE XLE XLE 29.312 29.031 29.953% 90.821 90.521 62.021 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE XLK XLK 43.438 43.125 120.320% 95.000 94.846 74.128 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE NOK NOK 97.000 95.000 85.813% 79.434 75.976 69.860 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE JWN JWN 38.250 37.375 73.290% 88.686 89.572 67.320 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE ECIL ECIL 38.125 37.062 233.288% 87.360 86.529 67.789 * PRICE BREAKOUT ABOVE 50 DAY HIGH OF CLOSE