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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (6727)	9/3/1998 12:04:00 PM
From: wizzards wine	Read Replies (2) \| Respond to of 34808

Hi Beebs, No you did not upset me, my hides thicker than that... I think that the DOW in general is lead by news and perception of the interpertation of that news, and much of this is based on world events and economic conditions... Again supply and demand...people put thier money where they believe it will make the most money in return for them... If that's in the DOW than so be it, it goes up...but if they feel risk in the DOW then it flows out either into cash or bonds ect... Nothing has changed really with the huge problems facing the world in light of Japan and Russia's economic concerns among those of other countries... More and more Russian people are looking at those in the rest of the world, including the USA that are doing well and thinking why me...they are in a state very much like that of our depression after the 1929 market crash... Not a good prospect, when they are also nuclear! This among many other things, weighs on the perception of investors the world over in their decisions of how to gamble with thier money...which is really all the wall street is, legal betting... I feel that this is not a DOW correction and much as a world driven event and now a world driven market, thus world events will have control to some extent of the DOW and all world markets... Later Preston