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To: Sonki who wrote (20371)	9/28/1999 12:00:00 PM
From: Alok Sinha	Respond to of 64865

I do comprehend (having grown up in Bengal, although I am not Bengali). The market volatility, narrowing breadth, and poor technicals make me cautious of this market. The decision by the Fed is a no-win situation . If they don't raise rates, dollar will tank further (reducing international capital flows that could lead to stock market weakness). If they raise rates the stock market could suffer some. I think the latter scenario s probably better for the stock market medium term as it will stabilize the dollar and bring the 30 year yield below 6%. Regards Alok