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To: Berney who wrote (3372)8/1/1998 6:03:00 AM
From: MonsieurGonzo  Read Replies (1) | Respond to of 11051
 
Berney; RE:" Tea Leaves "

>Wow! What a bloody day !

indeed so, mes amis. Perhaps the strongest (non-tech) sectors have been XBD.X Brokers, DRG.X Drugz and RLX.X Retail. Their monthly candlestick charts now look kinda freaky (gravestone dojis). Yet, short-term stochastics are indicating over-sold.

are kapital inflows still supportive, Berney ? I know you follow that data. All my charts (including the EU and the LU - NOK.A - CWZ money machine) say July was a gigantic shooting star blowoff.

It's a strange situation, really - if the oil/metals/agricultural commodity prices recover (and increase the profits of our basic industries), the Fed will be tempted to raise the cost of kapital in response to perceived inflation. Frankly, I've never seen anything like this before... 1973, maybe ?

-Steve