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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (17564)	8/12/1998 3:48:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69175

Hi Jim, >> I don't see the Chinese devaluing... too much face. I do agree with you, but the perception that they will has a potent effect. Everyone is on edge already with the anticipation of weaker second half profits so it won't take much of a rumor to get the market sliding. It looks like they are taking AFCI to the wood shed today. A new all time low. I think the problem is more than the downgrade this morning. There was supposed to be a deal announced shortly, they may have lost it. I think I will let this one put in a bottom before entering. Harry