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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (6338)	1/14/1999 6:40:00 AM
From: LastShadow	Read Replies (1) \| Respond to of 43080

Girl said to have devised faster E-mail BLARNEY, Ireland (AP) - A 16-year-old Irish schoolgirl may have made e-mail even faster. Sarah Flannery is being hailed as a mathematical genius for devising a new code for sending electronic mail - and is being flooded with job offers from computer firms, the Times of London said Wednesday. The new code is 10 times faster than the current data protection code, created by three students at the Massachusetts Institute of Technology in 1977, the paper said. Flannery, who unveiled the code to amazed judges at the Irish Young Scientists and Technology Exhibition last weekend, said she is considering publishing her discovery rather than patenting it because she does not want people to have to pay to use it. Bill gates probably keeled over at the last sentence...

To: ViperChick Secret Agent 006.9 who wrote (6338)	1/14/1999 8:41:00 AM
From: LastShadow	Read Replies (2) \| Respond to of 43080

OHNH looks to gap this morning. But to all those folks who emailed me about it, I still offer some caution, there was a lot of selling after 3 yesterday, and that couldwell hapen around 10 am again. ls

To: ViperChick Secret Agent 006.9 who wrote (6338)	1/14/1999 8:49:00 AM
From: LastShadow	Read Replies (1) \| Respond to of 43080

Food for thought The Brazilian and The Russia ruble devaluation comparisons. Going into the open on August 17, 1998, the S&P futures contract had fallen 10 points below "fair value" on news of ruble devaluation. However, Index futures rallied sharply off their lows and the market opened just slightly lower. Buyers materialized throughout the session, by the end of the day lifting the Dow 150 points, the Nasdaq 28 points and the S&P 21 points. With the Dow extending gains to close +140 the next day, it appeared that U.S. equity investors had completely discounted the Russian situation. Does this sound like yesterday? Within two weeks of the devaluation, the U.S. equity market suffered two of the worst point losses in its history, as investors around the world began to consider the potential ramifications of the Russian devaluation (including loan defaults, flight of capital from lesser-developed-countries and increased currency speculation). On August 27 and August 31, the Dow plunged 357 and 512 points, respectively. I have been concerned about the Brazilian and LatingSAmerican valuations since last fall. I am even more so concerned now and fully anticipate a correction before the end of the month. Brazil is the 8th largest economy on the planet. I will probably be concentrating a lot on mutual funds over the next couple of weeks, so bear with me if I post that occasionally for those who have asked me to. My intent is to move another portion of my IRA/401k/mutuals to safer geound today or tomorrow, so that I will only have about 35% left in stock funds. It takes a while for me to do this, so I tend to be a little cautious and early. I have found that better than being a little late. lastshadow