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To: ViperChick Secret Agent 006.9 who wrote (53355)9/20/1998 9:08:00 PM
From: Debra Orlow  Respond to of 58727
 
who/what is your stock group in chicago...

It's a group called Pisces where I get my daily downloads from. The sysop also puts out a weekly newsletter. A bunch of the members recently underwent the Wyckoff intensive home-study class, and we bounce trading ideas off each other, similar to certain SI threads.



To: ViperChick Secret Agent 006.9 who wrote (53355)9/20/1998 9:56:00 PM
From: Gersh Avery  Read Replies (2) | Respond to of 58727
 
Hi Lisa .. Re: the yen

I think that the dollar has been dropping at near the same rate as the yen .. because of that the yen seems to be in one of those "trading ranges."

As people go to cash over there the desirability of cash will cause the value of cash to rise .. since we are talking about Japan, this means the value of the yen rising localy.

Look at the other currencies listed on Globex and you get an idea of the value of the dollar. To the Japanese the value of the dollar has gone up .. but to the Europeans the dollar is less desirable.

Liquidity flow is toward Europe with the exception of the UK. I would guess this is because of exposure to these "bad loans" etc.

US internally I expect to see the stock market to continue to pull back with money from stocks flowing over to bonds.

BTW took my 401k from cash to bonds .. had to put the order in Sunday night to get the closing price Wednesday. Pain in the a$$ what I gotta do to catch a dip. Will probably hold there until after Phase II of the Japanese big bang (1/1/99).

Gersh



To: ViperChick Secret Agent 006.9 who wrote (53355)9/21/1998 8:50:00 AM
From: ViperChick Secret Agent 006.9  Read Replies (3) | Respond to of 58727
 
for you wedge people

does an ascending wedge almost always break to the downside as this site indicates

gold-eagle.com

Had to get up early to watch Billy Bob....

grand jury tapes already on sale...LOLOL
bummer ....certain salacious material has been redacted according to Rep. Canady...we wont get to see it...(dont know if he means on the video or the 2800 pages released today...I think the 2800 pages...spin control already happening to try to keep the backlash to a minimum)

Happy Jewish Holidays for those Jewish people on TSO...even if you are a market maker or specialist...