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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?

To: wizzards wine who wrote (9191)	11/6/2000 6:47:59 AM
From: Ditchdigger	Respond to of 9427

Hi Preston, I think the most important thing for the Euro and Asian economies is a lower more stable oil price..Not to mention,IMO Euro rates will be held steady, with no increase in the nearterm..As for the Euro,,I think it is in everyones interest to see it stablize at a higher level..I also believe we will see more widespread intervention activity after the elections..I am moving cash which normally would be designated to the DOW, overseas, as a buffer to any further Naz swings down..trying to protect profits and still leave the door open for a bit more<g>..I am a bit heavier into cash than normal prior to CSCO earnings and the election outcome(should determine the direction of drug.bio.healthcare stocks..:^)DD PS: looks like Iran, Venzuela, and Russia might be thinking of joining the Euro for oil fold also..makes sense to me, I think the $ topped...when it's in the best interest of all involved to see a lower $,,a lower $ we will see<g>..the promblem is our US pesky interest payments!!