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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (36420)1/14/1999 10:21:00 PM
From: Jack Gibson  Read Replies (1) | Respond to of 94695
 
Just surfing by and saw your post. From all I can gather, Brazil will probably see another devaluation......say 10 to 15 % You may
get a better buying opportunity in a day or two or three.
Lots of luck
Jack Gibson



To: Haim R. Branisteanu who wrote (36420)1/15/1999 6:04:00 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
Haim,

News is (and what Jack posted as HIS reply) more devaluations coming for Brazil.

The mutual fund money flows show outflows of almost 3 billion dollars... so SOMEBODY is selling. On top of that, ten times that went into MMs... lotsa cash stashed on the sidelines.

Interesting formation in the indices... now all we need is the right shoulder. Will that take us to Feb???

Stay tuned.

Bill