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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (31007)	10/9/1998 9:37:00 AM
From: Vitas	Respond to of 94695

Hi Bob, >>>Positive Note # 4 S & P tested the resistance line but didn't violate it.Don't all GOOD SHAKEOUTS require this? I THINK SO. Positive Note # 5 DJI just plain held!<<< Yes >>>Positive note # 6 Mr joe six pack has proven he is in this creation of capital for the long haul.The capitulation was done on a volume reversal day (yesterday) by the "PROS".These billion dollar losers were the smart guys who had leverage multiples that would scare the pants off carl while he was shorting with a molten lead enema(just love that).<<< Demographics support that investors keep investing into 2005. >>>In short the last year of contagion to financial crisis is a market event not an industry event.I think this is not over - but I wonder if the net result is a global economy with lower interst rates - will that not result in a record fast recovery - certainly one that is faster than a global economy that is being cooled off with high interest rates<<< The people in all these emerging countries are not going to rollover and give up. We can measure all the trendlines, waves, theories we want - common sense says they are going to come on strong, sooner or later. I never could understand all that other fundamental stuff. Vitas

To: robert b furman who wrote (31007)	10/9/1998 9:46:00 AM
From: Greg Jung	Read Replies (1) \| Respond to of 94695

point counterpoint - BWTHDWK? Positive Note # 2 A weaker dollar will solve the brasilian real possible devaluation. COUNTERPOINT: The weaker dollar inhibits recovery of the export-dominated Japanese economy. Japanese repatriation of funds dry up funds for business loans. Positive Note # 3 A strong Yen will give Japan room to solve their ridiculous banking crisis with public fiat money - just like we jicky dooed the S & L crisis and the RTC. It did put an end to the problem (took 2-3 years) COUNTERPOINT: More business failures as the banking industry is saved. Japanese cars in US now return 20% less revenue. Sinking financial conditions plunge banks into further peril. Positive Note # 4 S & P tested the resistance line but didn't violate it.Don't all GOOD SHAKEOUTS require this? I THINK SO. COUNTERPOINT: Its a shakeup, not a shakeout. Positive Note # 5 DJI just plain held! COUNTERPOINT: While Nasdaq plunges an equivalent 1500 Dow points, DJI stays the same or increases. This is good? Maybe it will serve to further concentrate the stock speculation to a new list of "untouchables". Positive note # 6 Mr joe six pack has proven he is in this creation of capital for the long ... COUNTERPOINT Capital is being destroyed. It was never created by Joe Sixpak. I'm not sure where it came from, what it is. Just that there's less of it. Greg