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To: donald sew who wrote (52700)	9/15/1998 3:45:00 PM
From: Lee	Read Replies (1) \| Respond to of 58727

Don and all,..Re:<< Rate cut>> John Bollinger on cNBC just stated that the market already has a rate cut factored in, (didn't say whether 50 or 25 basis points), but for this reason it is highly likely we will get a rate cut on the 29th or soon thereafter. Regards, Lee Edit - AG and Rubin not speaking until tomorrow pm if anybody cares.

To: donald sew who wrote (52700)	9/15/1998 6:44:00 PM
From: The Perfect Hedge	Read Replies (2) \| Respond to of 58727

Donald--- what's this tell you...? quote.yahoo.com B

To: donald sew who wrote (52700)	9/16/1998 2:40:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 58727

Donald; RE:" LatAm " >Really would love to get technical charts on S.American markets. With the S.American markets soaring so much, tomorrow could be their CLASS SELL, and if I am correct our BKX will not have that to support it tomorrow. CBOE:LTX.X -Latin American Index ...has bounced smartly in three sessions from ~80, past first fibonacci line at ~97.66 to close at 98.61 today. Stochastics shot up to just over 50 midrange and now indicate over-bought. Next upside target is 105~108 area DownTrend Line. BZF -Brazil Fund ...similar, of course - has busted DownTrend Line from 31-JULY past fibonacci line at ~12-1/8. Next upside target ~13-13/16. AF -Argentina Fund ...bounced from 6.5 almost precisely to the fibonacci retracement (and 14d EMA) line at ~7-7/8. DownTrend still intact, with next upside target around ~8-3/8. Not quite so over-bought on stochastics. CH -Chile Fund ...no real bounce up, like the others; note that the apparent big gap on the chart is actually due to ex-dividend payout from the fund, which was taken out of the fund's Net Asset Value. EWW -Mexico WEBs ...bounced up past the fibonacci retracement from 17-JULY top, but met almost exactly the fibonacci line from 22-APRIL. Over-bought stochastics. Next upside target around ~9-3/4. BKX.X -Banking Index The correlation between LatAm and U.S. Banking sector is uncanny; using the SI comparo-chart, compare BZF CCI CMB AXP AIG MWD MER for various time periods, for example. Shorting LatAm is roughly equivalent to shorting our own banking system. Though the original raison d'etre given for financial sector weakness was TRF -Russia, I wonder. BKX.X has broken out of its apparent DownTrend Line; stochastics are over-bought; however, retracement back to DownTrend and further gains would bode well for the BigBoard: nothing drives the major market indices more than the U.S. Financial Sector. In the short term, it looks like LatAm and BKX.X will climax and then go back down; a technical correction if nothing more. However, the stochastics indicator on my charts are themselves, upward-trending, with higher-highs and higher-lows; and one can only hope that the global financial sector has come back from the brink of collapse. This is the first 3-day rally in this sector since the stock market crash. -Steve

To: donald sew who wrote (52700)	9/16/1998 3:59:00 AM
From: flickerful	Read Replies (1) \| Respond to of 58727

Tokyo stocks dip into negative territory by close By Keiko Takagi TOKYO, Sept 16 (Reuters) - Tokyo stocks erased early gains to post a modest loss on Wednesday as traders awaited news as to whether Japan's opposition parties would accept a compromise on dealing with ailing Long-Term Credit Bank of Japan A late wave of hedge selling in the December futures ahead of the September book-closing dragged the market lower just before the market close. The benchmark Nikkei 225 average close down 29.67 points or 0.21 percent at 14,197.70. December futures were down 250 at 14,070. Activity was subdued with a mere 385 million shares changing hands on the first section and 4.34 million on the second section. Traders said the ruling Liberal Democratic Party's compromise proposal on LTCB, which reportedly involved a temporary nationalisation of the ailing lender, captured attention, but the outlook remained gloomy. ''Even if there is an agreement on LTCB soon, banking shares are likely to remain soft on the poor outlook for their earnings forecasts,'' said Masatoshi Kikuchi, a senior strategist at Daiwa Institute of Research. Traders said other banks would likely come under pressure if selling in LTCB mounted. ''Some banks that have been rumoured to be in poor condition are likely to be targets of speculative selling,'' said Kazue Mayuzumi, head of equities at Nikko Securities. ''LTCB shares are likely to fall further if Japan's opposition parties accept the compromise,'' Mayuzumi said. LTCB was off 13 at 25 by the close. The share fell to a record low of 19 on Monday. The banking subindex was off 0.20 percent. Traders were also reluctant to take positions ahead of U.S. Federal Reserve Chairman Alan Greenspan's Congressional testimony later on Wednesday. ''Downside risks have lessened amid hopes for a cut in U.S. interest rates,'' said a trader at a mid-sized broker. Broader indexes were up. The TOPIX index of all first section shares was up 3.34 or 0.31 percent at 1,087.50. The capitalisation-weighted Nikkei 300 was up 0.78 points or 0.37 percent at 212.94. The second section was up 4.00 points or 0.34 percent at 1,166.73. Advancers edged decliners 578 to 535 with 162 issues unchanged. Nidec Corp was up 1,330 at 11,790. The disk-drive motor maker made its debut on the first section of the Tokyo Stock Exchange on Wednesday. Hitachi Cable Ltd was off 44 at 541 after it revised its 1998/99 group net forecast to 3.00 billion yen from 9.40 billion yen.