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To: Gersh Avery who wrote (3810)	9/5/1998 8:52:00 PM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 11051

Gersh; RE:" Currencies and Kapital... " ...very interesting reading (that thread) Gersh; wish there were more traders there, posting their positions. It is interesting how I (all of us, really) have become more and more aware of currencies in the last 15 months. That the S&P Futures traders have been recently taking their cues from the Currency Future traders is most interesting; That the Bond traders have been following the equity markets recently means that, quite literally - everything is being viewed from the perspective of kapital itself... bondz following flights from and re-investments in to equities; equities following valuations of currencies and commodities. On the TYX.X (at 52.7 now), I got the near-target as ~52.4 and the far target as a shade under 50. On the other side, I got the near-target as ~54 and the far target as 55~55.3 -Steve