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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (18180)	10/28/1998 12:21:00 PM
From: Suresh	Read Replies (1) \| Respond to of 68461

Hi Clint, Looked at yesterday's news. The rumor of a Brazilian devaluation accounted for a drop of ~80 points in the DOW but before that rumor had surfaced the DOW was already down ~100 points from its morning high. Same with the NAZ. It is funny how the market is reacting to Brazilian devaluation rumors. Doesn't IMF usually force countries receiving hand out to devalue their currency ? If IMF continues their behavior either Brazil will devalue (bad for the market) or don't get the bail out package (once again bad for the market). Later, Suresh