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To: Ron McKinnon who wrote (18471)	1/13/1999 6:49:00 AM
From: StormRider	Read Replies (1) \| Respond to of 53068

Brazil's central bank president resigns and Brazil's President hints at possible currency devaluation: S & P futures down 15+...

To: Ron McKinnon who wrote (18471)	1/13/1999 7:33:00 AM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

right now futures are down 19 a talking head on cnbc just said he sees dow down 300-400 today who really knows for sure? but it does not look great for long positions yesterday the DOW broke support at 9540-50 then broke 9500 managed to hold the 9450 support level the next support looks to me to be 9350 then 9250, 9100 to me a round 9400 looks key, but that's only down 75 from here so I'd say a test of 9200 is critical, if that fails 9000 and over a few days 8700 I am not predicting a drop that big but it is very possible this market has been on a monster run it needs a rest people will sell to lock in big gains I'm planning to go VERY slow on new long positions today sure, buying the dips may well be the right move again but, why jump in on the first day of a drop if there is one I am in only 6 stocks right now and 2 of them are short positions if I ignore ASHW am 92% cash putting a piece of duck tape over my buy button for the day maybe ggggg