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Non-Tech : Airborne Freight (ABF) is taking off -- Ignore unavailable to you. Want to Upgrade?

To: raymond marcotte who wrote (103)	12/7/1997 3:03:00 AM
From: wolfgangl	Read Replies (1) \| Respond to of 220

Ray, the fundamentals of ABF have been amongst the best I have seen lately. Short term the technicals also seem very good. My only precaution in these days is the market. Drawing a simple upper trendline through the DJIA highs of August and October, you should stick to discipline and wait if it is broken. I doubt it. The charts that are pulled up by my usual sreens these days mostly are looking lousy, no tempting risk/reward. We might have the big pattern change from inflation to deflation. Japan and China might be forced to devaluate their currencies by the competition of the "tigers", who devaluated heavily. This will either swamp all open markets with cheap merchandise or elicit protective measures. Even if the crisis is contained by IMF intervention, this will lead to "spending discipline" in those countries, i.e. they will no longer import much. I hope I am not off topic now. My concerns only pertain to longer term investment style trading. Wolfgang