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To: billwot who wrote (20607)8/17/1998 8:49:00 AM
From: billwot  Respond to of 27012
 
Good morning all-From briefing.com:

"08:35 ET Market Indication: U.S. equities expected to retreat at the open, following ruble devaluation by Russia and ahead of Pres. Clinton's testimony before grand jury.Current level of S&P futures suggests Dow will fall more than 50 pts at the open... Overseas markets mostly lower: S. Korea -3%, Japan -2.2%, Singapore -2.9%, France -0.8%, Germany -0.7%. "

Emphasis mine.

Have a good day!!

billwot



To: billwot who wrote (20607)8/17/1998 9:14:00 AM
From: TechnoWiz  Respond to of 27012
 
Thanks to you Billwot. As indicated, some improvement is already evident from deeply oversold overnight lows. The markets resilience in its behavior on any retest of these lows will be critical to the success and dimension of any unfolding rally.

A lower opening this morning, could create a premium double divergent premium buy condition, something we have not seen in quite some time.

Rgds

Wiz


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