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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (19558)	8/27/1998 6:58:00 AM
From: IQBAL LATIF	Respond to of 50167

DAX and CAC touching key supports -- DAX very near to 200 days MA-- I expect the support to hold- on CAC I also expect the support at 3780 area to hold.

To: IQBAL LATIF who wrote (19558)	8/27/1998 7:46:00 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 50167

Morning Ike... I feel we're near a short term bottom here...we could get MORE oversold as well...bearish sentiment is becoming rampant a "bullish" sign for sure..<g>... The question is do we hold support....and in the midst of earnings that will start in earnest shortly...there will be warnings...for sure!!! IKE I was looking for a 500 point rally to short....we may not get it...I really have this feeling the Fund Managers will sell quickly, all their losers, and that event could exascerbate the downward draft of some stocks, and some sectors... Because we are so completely tied into all World Markets Economies the "doom & gloom" boys will pound this point to death...fear will make people sell more quickly now... Anyway being "ALL" in cash makes me feel relaxed and interested in some bottom fishing...:>} Hey Ike it should be interesting, THAT'S FOR SURE!!!!!!!!