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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (13869)	1/27/1999 11:12:00 AM
From: The Jedi	Read Replies (1) \| Respond to of 44573

Hi everybody here is some stuff to think about from Briefing.com 11:01 ET Goldman Reduces Equity Weighting: Goldman Sachs lowers equity rating in recommended portfolio from 57% to 55%. Says Brazil is immediate source of concern, as firm believes situation there has moved much closer to the "melt down" scenario in recent days. 11:00 ET Dow -14, Nasdaq -4, S&P -1.54: Indices continue to sag and particularly telling is that CPQ is now -1 1/4 despite beating earnings estimates by six cents...it is easy to read too much into today's lack of any followthrough but it is a bit disturbing...techs are now broadly lower, and breadth is negative as decliners outpace advancers...the Russell 2000 small cap is +1.79, however...Dow Transports -8, SOX semiconductor index -8.21...EBAY +74. 10:30 ET Dow +9, Nasdaq -0.5, S&P +1.75: All the indices went negative a few minutes ago....the selling was widespread profit-taking in the face of the gains, not any program trades or other factors...somewhat surprising given the early start and late gains yesterday...breadth is near flat now...market "leader" EBAY now +75...CPQ +1/2 has lost some of its early gains, while DIS sags to -3/4. The Jedi PS I think we are going lower today after we bounce back into the noon to 2 pm hour.