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To: Gersh Avery who wrote (52929)	9/17/1998 12:08:00 AM
From: Tundra	Respond to of 58727

The Nikkie is currently down 331.16 points or 2.21%. Would seem to be a negative for tomorrow, but given recent events, who knows? Tundra

To: Gersh Avery who wrote (52929)	9/17/1998 12:26:00 AM
From: MonsieurGonzo	Read Replies (3) \| Respond to of 58727

Gersh; RE:" dis-oriented " >Hey Steve .. N225 parabolic down ! Look out BKX ! well, yeah - been doin' that most of the year. S&P put Bank of Tokyo on negative credit watch; kinda old nooz, man - came out last session. BKX.X is overbought on stochastics; but almost all broke out of their DownTrend Lines, too - so technical pull-back would be another buying opportunity. Regional banks recovered much better than the big, money-center banks, naturally: go long the regionals and go short the money centers JPM CCI CMB, etc. if you are playing the "waves" in this sector. Gersh... you don't want the U.S. banks to collapse - no matter how bearish you are - it would be plenty bad juju for all Americans. LTX.X -Latin America Index has a doji after long white candlestick; similar-looking (overbought) stochastics to the BKX.X - Bank Index which is so correlated to LatAm, as we have all recently learned, and can clearly see by doing a SI comparo-charto of BZF CMB CCI AXP AIG MWD MER. Many UTY.X - Utilities now looking over-bought. These were great long plays for the conservative, equity trader during this last up-movement - for the profits "taken" tomorrow could be left-over as odd-lots of shares yielding > 5%, while leaving the principal intact as cash-out at the end of the week. My pick was PEG @ 35, yield > 6%, now at 38+, sell 90% of shares tomorrow, leaving 10% "profit" as kapital gains earning interest in a tax-free IRA or something. Beats the hell out of my MUNI's. The momentum P&F traders must love the internet stox, n'est-ce pas ? Damn hard to position trade those things, though. somebody SPEAR the BLOATED OSX.X WHALE, PLEASE! THERE AIN'T NO THERE, THERE, says GERTRUDE. just ASK ALICE (^_^) what thread am I in, Gersh... TSO?!! oh, gawd! I am dis-oriented. -Steve