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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (24444)	8/16/1998 10:12:00 PM
From: FJV	Respond to of 94695

Don, It's the weekly close that bothered me - very ominous. The 40 week MA brings the NYSE back to about 547 or Dow 8600-8650. That's where I see the max if the rally doesn't penetrate these levels and close above them on Fri, 8/21. That would be 2 consecutive weekly closes under the 40 week MA for both the Dow and the NYSE and would be enough confirmation for me of a severe correction. Ciao. Franco

To: donald sew who wrote (24444)	8/17/1998 3:00:00 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 94695

The Russians decided to have a moratorium on their debts for 90 days. Yeltzin is going to meet with his PM to discuss the situation. My speculation is a panic selling at open with a strong reversal tomorrow. The FED will be forced to ease due to teh high dollar IMHO and to avoid a meltdown of the financial markets. Russia is not Japan and the western security relies on a stable Russia. Japan fall will be blessing for the west as the Samurai culture will finally disapear and Japan will join western style values and financial standarts. BWDIK Haim