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

To: Al Serrao who wrote (7175)	9/12/1998 6:54:00 PM
From: wizzards wine	Respond to of 34811

Hi Al, I'm not sure negative is the right or wrong word here for the market sentiment... I for one am looking over the world picture in it's relation to what makes since in the US market... Look at Friday, Japan was off 5% and Brazil increased interest 68% above the previous rate..and the general feeling is that it will not help in the long run, thus Latin America will likely take a fall over credit issues... We saw a little tech bounce on Friday, but most are saying that much of that may be due to inventories with the retailers moved out and restocking issues creating sales, thus a better than expected quarter... I do not expect the NYSEPB to reverse real soon, but when it does will play the hand dealt, knowing full well that it could reverse back down quickly... Too many things to watch, so I'll watch the indicators and keep and ear to the ground for the worlds pulse... Later Preston