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

To: Sergio H who wrote (20743)	8/23/1998 12:16:00 AM
From: Magnatizer	Read Replies (2) \| Respond to of 79308

THUD David collapses as he cannot control the laughter. Once again glad he is prepared with a 6 pack within reach. This time he decides to stay on the floor and work from there. ht david

To: Sergio H who wrote (20743)	8/23/1998 12:38:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79308

Sergio, The market has just met a fork in the road by testing support on many fronts while the 30 yr bond yield broke below 5.5%. It would be just a tad premature to call anything one way or the other right now but since we're closer to a bottom than a top, watch that 390 on the R2K that I told you about last week and first brought up about 3 weeks ago and watch 1035 on the S&P 500. The 2 things that everyone agrees on that stop a bull market are higher interest rates and war. Does this billionaire terrorist with the help of a few isolated governments add up to war? Uncertainty on that question is likely to hover over the market and if "The Street" decides it's a war, we'll be in a bear market. As far as interest rates are concerned, it is becoming very evident that Greenspan has given the market extreme flexibility in dictating the cost of business. If he sees a reason to regain some control it could only be to lower Fed funds in order to cap dollar speculation and cushion the economic slowdown. 1/4% would do just fine I think. Doug R