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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (26476)	9/4/1998 8:41:00 AM
From: Pierre J. LeBel	Respond to of 94695

With the August labor figures just released showing wage increases of .07 an hour (about 6.5% annually), do not expect the FED to ease in the near term. Without the possibility of lower short term rate in the near future, expect the market to tank. Pierre

To: HairBall who wrote (26476)	9/4/1998 8:44:00 AM
From: Philipp	Read Replies (1) \| Respond to of 94695

Hi LG: I just read your comments on the chart pattern and realized that I forgot you on my list. Sorry. My main problem with an up day is that I cannot understand why anyone would take a strong long position today. The world situation is just too uncertain. Perhaps the argument that post-Labor-day weeks are up weeks? But I think that this only works in an up market, in a down market, my guess is that it should go the other way (always reinforce the present trend). Good trading to you. Regards, Phil