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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (1181)	9/26/1998 3:28:00 PM
From: Tom Byron	Read Replies (1) \| Respond to of 81961

Searle: Is Mr. Nick tyring to squeeze in on my guree territory..Well, I came to this dance with my 9 wavee thing and that's the one I going to dance with until this party is over. 9eee says the low 6/99 and so it is. Depending on the 9th wave to get me thru these rough waves and take me safely to the further shores... (gosh, now I waxing poeticly.) ...off to catch the bus to the "uptown" library. bbl.

To: sea_urchin who wrote (1181)	9/26/1998 3:40:00 PM
From: dospesos	Read Replies (1) \| Respond to of 81961

Bro. Searle: From an Elliott wave perspective neither the moves in the XAU or GCZ8 from the late August lows are impulse waves, at least from the orthodox viewpoint. Not one of the 3 up thrusts from the low to the 9/11 highs was extended (1.618 times the next longest wave). The pullback from 9/11 was greater than 38.2% for GCZ8 although slightly less for XAU. The run up into yesterday AM (NA time) was 50% of the initial run for GCZ8 and 64% of the same initial leg for XAU. At the top of yesterday's run up, XAU had corrected 2/3 of the drop from April and 60% for GCZ8. My guess is that we have seen a high for while, and I have taken some profits on stocks I bought lower as well as some losses on some bought higher. Naturally I reserve the right to be wrong. Aurum vobiscum, Bro. Thomas

To: sea_urchin who wrote (1181)	9/26/1998 4:11:00 PM
From: Tom Byron	Read Replies (2) \| Respond to of 81961

...and further (now at the uptown library) I took a quick look at the NY Times (today's edition). The front page, left column, had an update on the Long Term Capital story. Apparently the amount of monies involved is growing. From what I read in the first two paragraphs, Da Boyz started with about $4.0 Billion of investors monies, borrow about 100 -125 Billion to buy securities, using the $4 B as backup money, and THEN, this seems to be the new overnight development, used the $100 Billion to leverage into the derivatives markets for $1.00 plus TRILLION. I stopped reading at that point. It's just too much for my tiny mind to grasp and one has seen so many stories like this over the years (the amounts differ) that one nows how its all going to end. I'm sure the further details on all over the webbee chat groups now. And, of course, we KNOW that there are NO MORE hedge funds problems out there...I mean, isn't the best thing to do is to go into a corner, slap one's thigh and have a hartee laugh.. (end of sermon