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To: Berney who wrote (3709)	8/28/1998 12:54:00 PM
From: Jurgen Trautmann	Respond to of 11051

Even chocolate-bars bring in Texas at least 12" so far I know. <>

To: Berney who wrote (3709)	8/28/1998 1:04:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

Berney; RE:" OEX " >How about taking a look at OEX on a daily chart. Seems that an argument could be made that today could break the neckline of an H&S pattern. What do you think ? yes - yesterday, actually; far-target is ~522 neckline - ~582 head = ~470 level, Berney. Some chart supports around ~500 +/-5 level, FWIW. >Seems like your buy program moved the market again. Now we need some more buy programs... ...probably other technical accumulators, like me, Berney. Selling is relentless and controlled - looks like big money that is redistributing portfolios; funds outflow now negative and, accelerating I believe: modern-day equivalent to a "run" on banks ? BKX.X IUX.X XBD.X have met 2 out of 3 of my accumulation levels already; what remains is... CMB @ 51 AIG @ 80 GRN @ 219 MWD @ 54 DLJ @ 32 MER @ 61 ...and then I'll be done accumulating NF.X sector equities in my core. Have decided to skip WMT and RLX.X sector, as I believe retail is no longer defensive. Will go with DRG.X LEAPs when growth is evident and warrants leverage again. I also prefer to just LEAP that sector rather than try to pick individual equities within it, unlike the NF.X sector. TechStocks... I'm doing what Tommy's doing, just hanging tough. My (our?) F/A tends to be non-indicative of valuation growth in this sector, Berney. What appears to work is simply buying the bellwethers with a lot of visibility and consistent earnings. Ironically, Berney - they are the only buy-and-hold investments that appear to work ! EuroWEBS are telling me to accumulate some EWG - Germany at 1x19-5/8 / 2x18-1/4 and 3x16 level; though if the DOW closes well today (for whatever reason) I think the DAX will bounce, and I may execute a scalping-trade by going long EWG and selling for a fraction. -Steve