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

To: bobferg who wrote (18834)	12/14/1998 8:18:00 AM
From: j g cordes	Read Replies (2) \| Respond to of 69082

Morning Bob, liked your hit and run in the morning scenario. I'll admit I don't understand the internet sector from a trading perspective.. its fundamentals and valuations make me feel like I'm dealing with vaporware. Worldwide there are many changes afoot.. at the same time Clinton's impeachment will only add uncertainty, though if he is removed the markets would probably rally as they did after Nixon and after Kennedy's death... markets are odd that way, they like certainty regardless of the source. From friends who do business in Asia, they're telling me its pretty bad still.. orders at a standstill. That's a two edged sword because it continues to support our being able to buy their goods and services at rock bottom prices. EU is strengthening Europe, South America is a question mark.. a friend who runs IPO's there says things have gone flat. In all, your tactic of entering to the short side on runups seems good. I wish we had better funds flow data.. the market still has legs.