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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Defrocked who wrote (11952)	12/19/1997 7:18:00 PM
From: MR. PANAMA (I am a PLAYER)	Respond to of 18056

GRIM is BACK...Mo you can take a break ...let me direct the ebb and flow around here....Capitalism 101 begins....MU buy sell or hold.... MU puts ...buy sell or let expire.... MU calls ..take profit buy more or exercise.....

To: Defrocked who wrote (11952)	12/19/1997 8:07:00 PM
From: bearshark	Read Replies (1) \| Respond to of 18056

Hi Defrocked: I agree with you completely. January will define the market for 1998. If there is no rally or the rally fails in the early days of the new year, this market will fall quickly. These are only my feelings. However, the internals of the market now are very weak. I couldn't figure where this response went. I responded to it over on the BK thread.

To: Defrocked who wrote (11952)	12/20/1997 9:59:00 AM
From: Cynic 2005	Read Replies (1) \| Respond to of 18056

Def, Thanks for the heads-up! Quite a few people are feeling the same way we are. From yesterday's Briefing.com: .. While the market moved higher on Monday and Tuesday in the absence of any shocking news from Asia, we warned that it was unwise to grow complacent, and that the Asian situation was hardly stabilizing... We still feel the same, and caution that further downside risk is expected as the evidence is mounting that the rosy earnings outlook is growing a bit murkier... PC sales are slowing in Asia, tech industry leaders are ailing, market leadership is lacking, and big name companies are warning... As such, any rally resulting from the January effect is expected to be short-lived...