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To: Cynic 2005 who wrote (63565)	9/22/1999 2:35:00 PM
From: donald sew	Respond to of 86076

Mohan, >>>> Re. NL-NH, we need to see a climax before a sustanable bounce can be expected. I mean, something like over 600 new lows and less than 30 new highs - NYSE, DUNG combined! <<<< Hard to say what the approximate figure is, but I do agree that there is still lack of capitulation on the downside. seeya

To: Cynic 2005 who wrote (63565)	9/22/1999 2:41:00 PM
From: Defrocked	Read Replies (2) \| Respond to of 86076

As I watch the $yen creep back to its daily lows I am once again reminded of 1987. Back then, currencies closed at 1:20 Chicago time. When turmoil hit the currency close it was later transmitted to bonds which closed at 2:00pm and then swamped over into SPoos which closed at 3:00. While today's trading is not a complete parallel, nor is it over,I find it noteworthy that the dollar could not hold its bounce after the European close. Also interesting is the lack of bounce in equities after a 225 point downdraft.