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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (21194)	7/27/1999 7:10:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

Looks that way , rally was strong but on thin legs, any bad news could unseat it and here is some. ! NEW YORK (CBS.MW) -- Venezuela's stock market lost over 4 percent of its value Tuesday, stung by a selloff for the second straight day on fears the just-elected constitutional assembly will cast economic reform aside and institute a populist political agenda. President Hugo Chavez's leftist coalition, which captured more than 90 percent of the seats in the constitutional assembly, was elected Sunday. Investors, worried over the political direction of the country, scurried for cover, driving the key IBC index down nearly 4.4 percent. ---------------- Not said but I suspect They will break the oil embargo that the Arabs have put on the world, ( odd how the Big right wing oil cos who say they want a free market bust their butt trying to contoal and fix the price of oil ) -------------- Also it seems they have been lieing again I'm getting reports of tank farms filled to capasity while they are talking up shortages. Man it's nice to be out of that oil patch, never in my life have I seen any criminals much worse than them in the big oil companies. Jim PS Now that the no good rotten leftest have won elections in Venezuela, I guess we will have to find a reason to bomb them.