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

To: TA Trader who wrote (9085)	3/24/1999 10:12:00 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 99985

TA Trader, I have a question on Russia that no one seems to know the answer to so far. Primakov was on his way here but cancelled the trip. I understand the purpose of the trip was to get a few more bucks from the IMF. Last summer, Russia's default triggered the big sell off. Now with Primakov back in Russia, is a new and more severe round of default right around the corner? Is the market assuming that no one will care this time? Ramsey

To: TA Trader who wrote (9085)	3/24/1999 10:19:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

The Soviets' entire government budget is only $ 22 billion (as compared to its prior $ 40 billion IMF loan and the US government budget of $ 1.7 trillion). The US spends more money on White House operations ($ 25 billion) and on Congress operations ($ 24 billion) than the Soviets spend running their entire two-bit government. Today's links: re: Monetary policy rjf.com re: DJ30 stocks technicals rjf.com re: DJ30 chart securitytrader.com