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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (12499)	10/22/1997 10:48:00 AM
From: donald sew	Read Replies (14) \| Respond to of 50167

Hi Tim, I have been away for since last Sat, my friend who I considered a brother, fought bravely against cancer, but we lost him for a better world. For the market, I only briefly looked at the technicals and I am actually seeing some small signs of weakness, nothing dramatic. I realise that the market has gone up about 200 points in the last 2 days; however these small signals are still showing weakness. I am interpreting them as range trading signal with a slighly greater pressure to the downside for the short-term. I think it that until the NOV FOMC metting is over, or we get all good economic numbers prior to the FOMC meeting we will just range trade. I would be surprised for the technicals to get to the overbought range prior to the FOMC meeting. Actually, I feel we may see the technicals for the overall market to reach the oversold region again prior to the FOMC meeting. Im holding off and sitting on cash for the meantime. Well, my class 1 BUYS last Friday did work.