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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (2456)8/4/1998 5:03:00 PM
From: JBH  Read Replies (1) | Respond to of 13094
 
All: Watch for possibe intervention to support the weakness in the YEN possibly as early as tonight or tommorow sometime. Some are saying to watch for the market to possibly sell down approx another 150 points in the morn before the buyers start stepping up. Lets hope.

Both would be positives for the market.

Low interest rates
Low inflation
High consumer confidence

Should be the underlying fundamentals to support the market

Alot of cash on the sidelines ready to buy

Alot of the selling today was computer generated sell programs

Just some points,

John