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To: Grommit who wrote (3886)	10/7/1998 10:04:00 PM
From: Thean	Read Replies (4) \| Respond to of 14427

LOL, Grommit, you are probably not the first to fall into the trap. <GG> Blame LT for starting it. One can also argue that this thread has been a collection of many POS's as of late. A POS index would be really helpful. <GG> Tomorrow - since Brazil did not announce anything today, they should announce something by tomorrow. If not, the market is not going to have mercy on them. After this, where would the financial market shift its focus to? BC? The impeachment is now just a dark cloud hanging over here and I don't think the market price in a BC booting at all since the chance of that happening is quite remote. Japan has some hope to cling on now, and the Nasdaq is near term way oversold, a relief rally may be coming. Anyone knows what's in store for next week? Pete - if you are thinking about buying gold bullion itself, DON'T. I used to buy silver bullion and that ain't fun in a sideway market. Buy the more liquid stock instead. Like oil, don't take delivery, trade the paper. The evil tower will fall more. Today is just a new round of selling. I don't see this thing ending anytime soon regardless of the market. If Nasdaq has a relief rally with CSCO and LU rallying, it may rally a bit. It still has a bloated PE and will most probably have negative earning next year. I have never kept something for so long but I'll let it go to the single digit or a basing pattern, whichever come first. Mike - regarding WMT TA. Nothing spectacular. It is currently bound by its upper and lower BB and if it closes below 58, then the likelihood of revisiting 52 - 52 1/2 increases. The market will likely tank along in that scenario. Whether it will hold 52 will largely depend on whether DOW breaks below 7400. On the upside, the upper range is bounded by the upper BB and I don't see much upside potential in this pre-recession environment for the retailer either.