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To: donald sew who wrote (47052)	6/29/1998 5:11:00 PM
From: Nemer	Read Replies (1) \| Respond to of 58727

---->If the market internals do not show good improvement immediately (next 1-3 days) then feel that we are very close to the top of this specific short-term upswing. Don, allow me to point out that low volume impacts my BBx forecasts severely ....... as memory serves, Thurs and today were extremely light volume days and the upcoming holiday will also have an effect......... This is not to say that there is anything incorrect about your readings and analysis, but just to point out that volume affects mine..... Thanks, as usual for posting yours....... Regards --- Nemer

To: donald sew who wrote (47052)	6/29/1998 7:04:00 PM
From: Chris	Respond to of 58727

* DOW CHART * donald, here is my interpretation of the mkt. exchange2000.com just my opinions. you keep up the great work!

To: donald sew who wrote (47052)	6/29/1998 11:41:00 PM
From: Gersh Avery	Read Replies (2) \| Respond to of 58727

Dollar getting hit pretty hard tonight. Hardest hit is against the Yen .. could be BOJ stuff. But..dollar is being hit on all other currencies also. Could be that the world has had its' fill of US dollars for the moment. After all the Fed added ~18billion during the last few days. And the fed add is not over yet. So .. inverse yen/bond rule = downward pressure on the bond. I've noted that stocks are running almost tick for tick inverse to bonds also. So then .. if stocks follow the inverse bond action that would mean another up day on Wall Street .. However with the global move away from USD I think that there may be a global move away from US stocks also. If the stocks start to drop, then money from there would move toward bonds making a no gain/no loss day for bonds. Net result: Japanese liquidity leaving bonds results in a drop of the DJIA. If that is the quality of move then I would expect to see it in gold (or perhaps oil) moving up a little (flight to quality stuff) in the early AM. If that's the way that it falls into place, I would also expect to see a drop in the market in the late afternoon as Asia starts to wake up. Anyway .. for what it's worth. Gersh