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To: The Perfect Hedge who wrote (51471)	9/3/1998 5:07:00 PM
From: MonsieurGonzo	Respond to of 58727

Beeblebrox; RE:" Shorts - Ain't Nothing Like The Real Thing " Shorting the (American) indices because they are reacting to external currency/market forces works - but it's not very elegant {grin} and it reflects a certain myopia of most Americans. go for the throat, man... TBR - TeleBrazil TMX - TeleMexico VNT - TeleVenezuela CTC - TeleChile TDP - TelePeru TAR - TeleArgentina ...these babies, used essentially as proxies by the pros for their respective national markets, went down from -5 to -10 percent today ;-) They are in solid DownTrend "channels", rather than difficult to read "crashes and snap-backs" like the USA indices; and many of these ADR's have options, if you want to employ leverage. If you've really got a killer instinct, man - do a little diggin' around and short their Banks... cbs.marketwatch.com -Steve

To: The Perfect Hedge who wrote (51471)	9/3/1998 5:55:00 PM
From: Barbara Barry	Respond to of 58727

Beebs, FWIW.If it was me I would try and sell at the lows tomorrow.Maybe I am wrong and we tank Tues. but I hate holding over a long weekend and often after a pre holiday drop people come in and buy.The other risk is how much they might strip the time premium?But you have the right idea it's just that it is getting closer to expiry. Good luck, Barbara

To: The Perfect Hedge who wrote (51471)	9/3/1998 7:17:00 PM
From: epicure	Read Replies (1) \| Respond to of 58727

Today was a hammer or hanging man- depending on whether you think we are in an uptrend from tuesday, or still in the larger downtrend. Tuesday was a piercing candle and bullish, weds was close to a tweezer or dark cloud cover- showing that tues bullish candle was not confirmed, today we get a hammer- if we take it to mean we are bottoming, or a hanging man - if we take it as a sign the upward momentum on tues is dissipating. We will have to wait for tomorrow and confirmation. Stochastics are definitely signalling a pause in the downtrend, as is time segmented volume/rate of change and money stream. MACD has fallen through the bottom so I can't see the bottom of the line to know whether it is turning or not. I think we could close down tomorrow but it looks like we should have another relief rally soon- but I can't tell you exactly when. My most specific information, and the information most likely to be correct, is that from the 5 minute chart- but it is only really accurate for about one 1/2 hour at a time, and only then if the market gives clear signals.