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To: Voltaire who wrote (83981)	12/6/1998 8:53:00 PM
From: VICTORIA GATE, MD	Read Replies (3) \| Respond to of 176387

Voltaire re<Should close the week around 68 1/2. > Sure Sunday December 6, 7:12 pm Eastern Time Rubin tells Clinton he wants to resign-Japan paper TOKYO, Dec 7 (Reuters) - U.S. Treasury Secretary Robert Rubin recently told President Bill Clinton that he wanted to resign shortly after the Christmas holiday, a Japanese newspaper reported on Monday. Quoting unnamed U.S. government sources, the Sankei Shimbun reported out of Washington that Rubin had sounded out Clinton about resigning his post, but that Clinton had asked him to stay. Clinton conveyed his ''strong desire'' to Rubin that he stay in the post at least until a replacement was found, the sources were quoted as telling Sankei. Sunday December 6, 8:07 pm Eastern Time WEEKAHEAD- LatAm mkts nervously eye Brazil reforms By Daniel Flynn CARACAS, Dec 6 (Reuters) - Latin American stock markets will once again take their lead from Brazil this week, nervously watching for any further setbacks to the government's fiscal package that might edge the region closer to financial crisis. An atmosphere of cautious optimism in the region's markets was shattered when Brazil's lower house rejected part of a social security reform bill late last Wednesday. The bill was part of a package to trim the fiscal shortfall of the region's largest economy and strengthen its ailing currency, the real. A healthy Brazilian economy is perceived as essential to bolster Latin America's resistance to a deepening in the global economic turmoil. Regional bourses struck two-and-a-half year lows in September on fears the government of Fernando Henrique Cardoso might float the real and trigger a repeat of 1994's ''Tequila crisis'' which followed Mexico's botched devaluation. In BRAZIL, shares could extend losses this week after Congress dealt its first blow to the government's economic plan, raising questions about Brazil's ability to fend off a financial crisis. ''In the light of recent events, we're going to see more profit-taking,'' said Debora Morsch, a fund manager at Solidus brokerage in Porto Alegre. ''People are asking if Brazil will be able to meet its economic goals now.'' Sao Paulo's key Bovespa index closed off 1 percent on Friday at 7,627 points, bringing the week's total losses to 16.1 percent. Morsch said the government could stem losses by further cutting interest rates. The ARGENTINE bourse is expected to eye Brazil and New York this week after the setback to Cardoso's package in Brazil left it down 13 percent last week. The MerVal index of most traded shares finished the week at 450.59 points Friday, down 34 percent for the year. While traders remain edgy over Brazil's prospects, they also think share prices may have bottomed out and may begin climbing through the rest of the year. ''I think 444 points was the MerVal's floor. We should be improving next week,'' said trader Carlos Donadeu at Patente de Valores. In MEXICO, stocks will be governed by political debate over $60 billion in bad bank debts in the so-called Fobaproa trust and progress in the 1999 federal budget talks, analysts said. ''If there is a solution to Fobaproa, foreign investors' perception of Mexico will improve. But if there is not, financial groups especially will be hurt and their share prices will fall,'' said Hector Chavez, director of research for Grupo Financiero Serfin. CHILEAN shares are likely to be tossed about by sagging copper prices and a volatile peso, traders said. Foreign exchange dealers expect the peso to continue softening this week, while copper traders anticipate more falls in the country's number one export, which has already been pushed to 11-year lows by oversupply in the commodity. The slump has raised fears that Chile's copper exports will bring in fewer dollars this year, leading to a bigger deficit in the country's current account and a weaker peso, traders said. A weakened peso would be bad news for Chilean companies that have a large amount of dollar-denominated debt, like many in the electricity sector. The local market will also watch the progress of reforms in Brazil, which cast a cloud over prices last week. The IPSA index of the leading 40 stocks ended 8.0 percent lower in the week to Friday at 75.70 points for a 24.3 percent plunge on the year. VENEZUELAN stocks are set for a volatile week as the market reacts to any policy statement from new president, failed coup leader and radical populist Hugo Chavez, elected Sunday. Brokers expect tough times in the coming days. While Chavez has won the adoration of millions of impoverished Venezuelans with his radical anti-establishment rhetoric, financial markets are terrified by his proposals to dissolve Congress and reorient the nation's oil policy. Chavez defeated Henrique Salas, a Yale-educated businessman and former state governor who was the markets' favorite. The Caracas market closed Friday down 4.8 percent on the week, bringing losses for the year so far to around 52 percent. It has been one of the region's most depressed markets due to a collapse in economic staple oil, which provides around three quarters of export earnings, and uncertainty surrounding the economic policies of the new government, due to take office in February. Markets are closed Monday in observance of the Immaculate Conception holiday.

To: Voltaire who wrote (83981)	12/6/1998 8:55:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 176387

Hi Voltaire IMO if the market moves down from here to 8700, DELL will selloff toward 59-60...no way it will buck the thrend.... It has negative RS right now, and is range bound for the moment.. IMO it would take a move up to 9200 for DELL to break a double top at 69......it's second buy signal...but it must do it on high volume... in fact if the "Rubin" rumor turns out to be true..this would be a LARGE negative for the markets...and DELL would follow...the definate sellof... however, the game plan would be at THAT bottom, to buy it with your house money.....