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To: Paul Fiondella who wrote (66611)10/14/1998 10:32:00 AM
From: Murrey Walker  Read Replies (1) | Respond to of 186894
 
RE: Your previous post.

For an interesting(very) take on Mr. K's involvement, go to The Motley Fool's message thread on INTC and read #3896 written by Bernard Samson.

A VERY interesting theory!



To: Paul Fiondella who wrote (66611)10/14/1998 10:38:00 AM
From: Moominoid  Read Replies (2) | Respond to of 186894
 
I was very bearish through September which didn't do me any good. I was following the 1929 and 1987 charts.

I just switched to being bullish about the very short run and went long. We seem to be breaking from the 29 pattern but not neccesarily 87. Most of my stocks (apart from NSM) are up today. I think there is quite a lot of reasonable news and some TA indicators are pointing up. A little later people will realize that earnings next year are not going to rise as much as analysts are now saying and then we will take a big down swing again. When they'll think about that more seriously I don't know.

In the finance sector those stocks have been totally hammered I can't see they're about to fall again by much anytime soon. The Russell index is at the beginning of 97 levels etc. etc.

Germany couldn't cut rates as all the other Euro-countries are meant to cut down to their rate for the Euro coming in in 3 months. They can't shift the goal posts now. UK interest rates were outrageously high and they're not going into the Euro.

David



To: Paul Fiondella who wrote (66611)10/14/1998 5:28:00 PM
From: Scarecrow  Respond to of 186894
 
You are watching a very significant day in the market.

Tell us -- what was it about today's market that was "very significant"?