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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Matt G. who wrote (20616)	8/17/1998 12:41:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79273

Matt, When Wall Street believes they see the end of the tunnel, stocks will firm up. It won't matter what those situations do between that time and the end game because the market will have a handle on the outcome. When Indonesia first devalued in Oct. I figured everybody knew the consequences but apparently they didn't. Russia and Japan should have been no surprise after that. That's partly why I posted last month that the Dow had no business making that new high. We'll just have to sit and wait until they get it right. Most rallies in individual stocks will be very short and most drops from here out will also be smaller and short lived. As for Clinton, the politicians probably have all the game plans worked out and inside money would be aware of the exigencies. Any occurrance that makes the market drop would likely be a buying opportunity. I don't think it would come to impeachment. Do the Republicans really want Gore in there? Doug R Doug R

To: Matt G. who wrote (20616)	8/17/1998 2:29:00 PM
From: Doug R	Read Replies (2) \| Respond to of 79273

Matt, Well, there goes Russia. 34% devaluation is a bit more than Soros was lobbying for. The market is so far yawning at the news. China, Hong Kong and Japan's currencies are now more relatively inflated than yesterday but overall equilibrium is coming closer. Exports from the entire region should soon return to a more stable dynamic and there has been no real change in the political arena there. The rate of growth here will be more discernible and as a result the Street will be able to project which industries and companies are positioned best. Since market leadership is necessary to sustain the secular bull market, the leaders will be showing themselves as all this fundamental stuff gets digested. Doug R PS; David, and just when you thought it was safe to get back up...>>gg<<