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To: Jim McMannis who wrote (63546)	8/28/1998 5:19:00 PM
From: Dale J.	Read Replies (2) \| Respond to of 186894

Jim, You are new, but where are the Acompora naysayers now? Oh give a break about Ralphy boy. He only became a bear when the dow hit 8300. Remember it was in the midst of a 300pt drop. So far he gets credit for 200 pts. Big deal. Now I just heard on CNBC that many TA's are now bearish because we dropped below some certain key moving averages. I thought this was the drop you TA's were looking for. Is there a concensus among you TA's and could you tell me what it is? Dale

To: Jim McMannis who wrote (63546)	8/28/1998 6:24:00 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 186894

With an outside shot at 7925 I think the downside is over for the short term. Longer term it really depends on the Public because most all of this jerking of the market is institutional money. In the past the public has stood pat while the institutionals have freaked. If market can hold here then the public will likely continue to send in retirement money that will have to be commited sooner or later. Too much further down and the public could lose confidence and the market would take a lot longer to recover. When you say institutional vs. public money, I assume you mean we've got the public money, while the mutual fund managers have the institutional money, right? Clinton and the boys in Washington need to put together a plan and offer it to the Russians. Something like...if we had it to do all over again in the US...this is the way we'd do it. Unfortunately, Clinton is in a position of being incapable of leading a Boy Scout troup. What would such a plan look like? Something similar to the IMF bailout of South Korea (my fatherland, by the way)? I have a hunch that the problems in Russia are very different than those of South Korea. As for the Clinton thing, if America heads toward a big bear market, I wouldn't be surprised if Clinton's ratings started falling through the floor. The few remaining supporters of Clinton won't even have a strong economy to use in their defense of the president. "Clinton did it with a twenty-something intern? Aw, he's only human. Let's forgive and forget. But hey, what's this? My 401k is in jeopardy? Impeach the bastard!" Tenchusatsu