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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (21903)10/7/1998 3:43:00 PM
From: Mr.Manners  Read Replies (1) | Respond to of 79296
 
James,

which one is it?

To: +lisa (54920 )
From: +James Strauss
Wednesday, Oct 7 1998 3:31PM ET
Reply # of 54922

Lisa:

We are very overbought... BEAR sentiment is greater than BULL sentiment... Greenspan stepped on his
tongue again, but I think there will be an IMF deal by week's end... That should be enough to rally the market
400 or more points... But, we'll have to watch the Japanese repatriation of their money from the U.S. to shore
up their banking system... Bad for bonds, ??? for stocks...

The only thing green on my screen is BZL... There could be some G7 money in their future.



To: James Strauss who wrote (21903)10/7/1998 4:13:00 PM
From: Doug R  Read Replies (1) | Respond to of 79296
 
Jim,

I agree.

The close on the Dow held above the 1724 magnet line which allows it to be pulled up in advance of the magnet trend intersection next week. Tomorrow is the + one day for the price trend intersection. Like I said on Sunday...it's crunch time.

Doug R