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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: John Dally who wrote (4434)	8/29/1999 6:32:00 AM
From: Arik T.G.	Respond to of 5676

John, On the Russell chart tscn.com I have to add that the rally from the October lows took the form of a corrective (ABC) wave, A from 10/8/98 to 1/11/99 had a clear abc pattern itself, B from 1/11 to 3/23 and C from 3/23 to 7/15 which was also an abc. So it seems that on the RUT the decline from July is the start of the second leg down (big C) from the 4/98 top. That decline also broke under the June lows and the Jan high at roughly 430, which is significant in supporting that bearish wave count. ATG

To: John Dally who wrote (4434)	8/29/1999 6:46:00 AM
From: JDinBaltimore	Read Replies (1) \| Respond to of 5676

John, Tkanks for the "Why Not Now" push! Slid into a few nice SPX positions Friday during early morning rise; -- PUTS of course. The focus of all threads tend to be that of fundamentals; important, but in reality are only lagging indicators of Socia/Psycho - logical perceptions. It would appear that this new "Rambo" style approach to the markets would need a 180 degree attitude adjustment. Here are (2) possible catalyst - curious about you're view. 1 - I haven't read anything regarding this. Recently at a family gathering, I was talking to a Controller of a small bank, it was getting late, and under the influence he made a comment that I think later he regretted. He said that for Y2K compliance the FDIC was requiring them to maintain an an additional 20MM in reserves, above the normal requirements, in anticipation of high withdraws during the last quarter. Magnify this by the entire banking system, seems quite staggering. 2 - Also, why doesn't the FED require Mutual Funds to increase their reserves, in anticipation of high share redemption, or are they out of reach of the FED? If nervousness creeps in wouldn't a tremendous amount of borrowing be required? If uncertainty creeps into the current equations, will the FED pump in funds, or increase rates to attract the funds? Best Regards JDinBaltimore