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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (49548)	12/4/2000 12:11:46 PM
From: PMG	Read Replies (2) \| Respond to of 94695

The main point that makes me sure we're up to the BK is the 1,7% jump of the Euro and even a strenghtening in the Yen. Combined with the selloff in Europe this morning and the US long bonds looking toppy, my reading is that we are see capital fleeing the $. This, once realized by global markets, should increase selling pressure over the critical measure. This should be valid especially for money in the Dow which is more risk-averse than Nasd. investments. A -1,7% move due to currency moves is a larger day to day move than the DOW does normally alone. "The ship is disintegrating" I'm very surprised of what I see so far but I think it is too early to tell. Anyway, I think if one talks about such for month one should also have the courage to try to call it once it looks like it...BEFORE it actually happens. PMG