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To: dougjn who wrote (14828)9/10/1998 4:04:00 PM
From: DaveMG  Read Replies (1) | Respond to of 152472
 
doug,

I'm with you and everyone else who thinks the generals have to come down before this thing can be really be over.

I think at times like this it makes sense to focus on the technicals because the fundamentals are really unknowable.The global situation is so fluid, how is it possible to gauge fundies? These guys on CNBC are making a big deal about this higher highs and higher lows thing on CNBC and how that's good, but if I remember correctly this type of pattern is a flag, which is normally a continuation pattern, ie to be broken on the downside in this case.

I think it must be getting harder and harder to be a buyer. How many times can one get ones fingers burned before one gets tired of it?I have no idea what'll happen tomorrow, but no matter how you slice it, down "only" 250 pts is not a good thing. I was also very surprised that Monday's rally had no legs whatsoever.

dave



To: dougjn who wrote (14828)9/10/1998 5:27:00 PM
From: llwk7051@aol.com  Read Replies (1) | Respond to of 152472
 
Doug, Two articles on Brazil came out late today. One on TheStreet.com and another from Bloomberg. Both indicated devaluation is now a very real short term possiblity. You might want to read both of them. Also, there are indications of more Latin American problems in the Bloomberg article. Mexico was a very important country mentioned.
Robert D.