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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (4446)	1/21/1999 11:33:00 PM
From: CL	Respond to of 99985

Dennis and Gersh, Here is the real reason: " Little room for error. That is the problem that this market faces near-term. Given the upside excesses of the past three months and the consequent vulnerability, a raised eyebrow or a currency crises can trigger the corrective process. The raised eyebrow CAME YERSTERDAY FROM ALAN GREENSPAN WHO QUESTIONED THE PACE OF EARNINGS REQUIRED TO VALIDATE THE BLUE CHIP VALUATIONS. The South America wobbies triggered speculation that the Hong Kong and Chinese currency could be suspect." Tonite's closing commentary from Prudential's Larry Wachtel