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To: William H Huebl who wrote (51086)	8/29/1998 1:45:00 AM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 58727

Here's an spx chart with nasdaq overlay, timeframe ytd, 100 and 200 day sma lines, etc: bigcharts.com It looks to me like "excess to the upside, excess to the downside." nothing really new here, except this time the "global margin call" (lol, that was a headline on the right-hand front page column of today's WSJ) has exacerbated the trend. Number me among those who expect that at least some of the $1.258 trillion now in money-market mutual-fund assets to be put to work on at least two days next week (preferably Mon. & Tues ;-o). Actually that $ figure is as of Wednesday, according to the Investment Company Institute (as reported on page A6 of Friday's WSJ under the heading, "Money-Fund Assets Increased $5.04 Billion During Latest Week.") According to Greg Ip of the WSJ, "Russia accounts for less than 1% of US exports". In the article on page C1, Jeffrey Applegate "the bullish investment strategist at Lehman Brothers," is quoted as saying, "Russia's gross domestic product is equal to about 4% of U.S. GDP. But they're the second-biggest nuclear power, and that's another degree of risk." [so, the market is pricing in the risk of nuclear war? :-o) DK PS - obviously I'm ready for a bounce. :-)

To: William H Huebl who wrote (51086)	8/29/1998 11:44:00 AM
From: Barbara Barry	Read Replies (2) \| Respond to of 58727

Bill, YIPPEEE!Glad to have you back!!!;) Now do you see why I said a hard hat was in order?<VBG> I haven't done ANYTHING in the market.Option premiums are more ridiculous than ever.Just sitting on the sidelines the last two weeks. ;( I was too chicken to try calls at the close.Besides if things slow down a bit the prices will come in some.Oversold...yes...but things are a mess.One thought: there may be a flicker of hope on the rux???Check a longer term chart and let me know what you think?Seems to me when it has been this low it starts to turn.BWDIK? If any of your charts can make some sense of things please share! Girls are great..mom's officially healed(at least the shoulder) Regards, Barbara PS Next time you leave town maybe you should tell Lisa and I well in advance!gggg