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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Ditchdigger who wrote (10209)11/12/1998 9:59:00 PM
From: Sergio H  Respond to of 29382
 
Good call on the gold sector DD. Gold was up substantially higher than the oil sector. Short term pop on oil is worth shorting if we have
an up at opening. Oil is once again at the top of its trading channel.

The 3 month T Bill rate was slightly lower today supporting Fed lowering next week. The dollar was higher today. The strength of the dollar will continue to give the Asian markets problems and further amunition for a tax cut next week.

Only sectors showing strength are the internet stocks and the semiconductors. Rest of the market is just killing time. Look for a trend indicator tomorrow afternoon.

Sergio

ps Bombardier continues to produce great news.