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Strategies & Market Trends : Russian Crisis - Is it a buying opportunity? -- Ignore unavailable to you. Want to Upgrade?

To: Josef Svejk who wrote (146)	9/2/1998 12:59:00 PM
From: Jeffrey L. Henken	Respond to of 175

I really like to compare those charts. I like to find a small stock moving well and put it next to MSFT or INTC every once in a while for fun. I hope the current run in ABMI will continue and allow me to enjoy a favorable comparison with it. DOW and NASDAQ up and looking strong. I would like to thank Brenda Greer for calling the turn in the market correctly. You never cease to amaze me. Ray if you are reading this I want you to try and tone down your lofty expectation for the DOW just a bit so that you can be closest without going over. I know, I've been watching too much The Price is Right! Regards, Jeff

To: Josef Svejk who wrote (146)	9/5/1998 1:47:00 PM
From: Jeffrey L. Henken	Respond to of 175

Well Josef we had one heck of a week in the market. Monday's huge sell off was followed by the second largest point gain of all time on Tuesday. Hey Brenda, how did you know? I think for now we can continue to expect more volatility. However, it looks like an interest rate decrease could be on the way. It also sounds like some efforts are being made to stabilize some overseas markets. In Russian Chernomyrdin unveiled a plan that would allow the ruble to float freely and would let poorly-run companies go bankrupt. It might even be a good plan but we won't know until Monday if Chernomyrdin will be approved as prime minisiter. As you know this is a second attempt to gain that approval. So how bad was it last week in U.S. Stock Markets? The DOW closed for the week at 7,640.25, falling 411.43 points or off 5% for the week. The DOW has now lost 10.5% over the past two weeks. The NASDAQ ended the week at 1566.52. The NASDAQ has sunk 27.2 percent from a July 21 intraday high of 2,028.18 to Tuesday's low of 1,475.49. Regards, Jeff