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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: G.F. who wrote (6460)	10/27/1997 9:09:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 79270

Hong Kong massacre is continuing. Opened 8% down and is now down 19% for the session. That's freefall !!!!! Off 40% from its high. Sergio

To: G.F. who wrote (6460)	10/27/1997 10:40:00 PM
From: Instock	Respond to of 79270

Ocoto, GF: At this point I am not to worried. If you are a long term invester, everything will be fine. IMO If you are short term, you are probably down after today, and last week, and probably a bit worried. I play both long and short term, so I guess I have a split feeling tonight. I do agree that after Greenspan speaks on Wednesday, buying should pick up. I also agree that with all the Shorting of the Nasdaq stocks, many Shorts will start Buying ( covering their position ) starting as soon as Tommorow. If you are in a stock that can not be bought on Margin, or shorted, you should be better off then the stocks that can have Margin Calls and/or shorted. I would think that the Asian money would cont. to flow into our markets as a safe haven. Its moving into the Bond and Treasure bill markets right now. I still take note of the fact that Gold was down today. Gold is usually a safe haven in times of uncertianty, but not so today. The safe haven seems to be US Bonds and Treasury Bills. Instock