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<DIV><FONT color=#000000><FONT size=2>DENVER, CO, USA - GALACTIC DAILY FX UPDATE
- 10/19/98</FONT></FONT><FONT size=2></FONT></DIV>
<DIV><FONT size=2>
<HR>
</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>SUMMARY<BR>The dollar opened lower against the yen on fears of
more hedge fund losses<BR>and optimism for a new Japanese stimulus package.
Rumors of U.S. Bank<BR>problems are also weighing on the national currency. The
interest rate cut<BR>boosted the stock market last Thursday but some U.S.
banking stocks were<BR>down on Friday even though the market was up. This may
suggest that more<BR>problems may be surfacing soon. The Dow opened lower but is
up 70 points</FONT></DIV>
<DIV><FONT size=2>now.<BR><BR>ASIA<BR>The Tokyo stock market ended Monday 2.16
percent higher still sparked by the<BR>cut in U.S. interest rates. Traders and
analysts warned that if Japanese<BR>economic reforms are not implemented, Tokyo
stocks would retreat again. Hong<BR>Kong's Hang Seng dropped almost 178 points,
which ended a run of 2,000<BR>points since October 5. Elsewhere, traders in
Manila are betting on further<BR>U.S. rate cuts, which drove their market up
3.62 percent. Taiwan ended<BR>virtually unchanged rising just 0.05 percent.
Korean markets were down 2.48<BR>percent and Thailand stocks were down as well
subject to profit taking.<BR><BR>EUROPE<BR>The British Pound was range-bound on
Monday ahead of an economic data packed<BR>week. Statistics on UK money supply
will be released on Tuesday, retail<BR>sales on Wednesday and third quarter GDP
on Friday. Analysts expect this<BR>data to show the need for further cuts in UK
interest rates. Germany's<BR>blue-chip DAX ended up as the Dow edged higher this
morning. The mark is at<BR>the lower end of the day's ranges in cross trading,
giving back gains vs the<BR>Norwegian crown and the Japanese Yen. The Swiss
Franc opened slightly weaker<BR>against the dollar and against the
mark.<BR><BR>AMERICAS<BR>The Canadian Dollar opened flat in quiet trade on
Monday. Dealers are<BR>anticipating the release of a series of Canadian economic
data this week.<BR>Among the releases, Canadian wholesale and merchandise trade
numbers will be<BR>released on Tuesday, the CPI will be released on Wednesday,
and retail sales<BR>numbers will be released on Thursday. The local currency is
expected to<BR>trade in a range the next few days. In cross trading, the CAD was
softer<BR>against the yen but firmer against the mark. The Mexican peso opened
weaker<BR>ahead of the unveiling of Brazilian economic
measures.<BR></FONT></DIV>
<DIV><FONT color=#000000><FONT size=2></FONT></FONT><FONT
size=2></FONT> </DIV>
<DIV><FONT color=#000000 face="" size=2>Respectfully,</FONT></DIV>
<DIV><FONT color=#000000 face="" size=2></FONT> </DIV>
<DIV><FONT color=#000000 face="" size=2>Richard Chehovin</FONT></DIV>
<DIV><FONT color=#000000 face="" size=2>President Chief Currency
Trader</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Mon Oct 19 11:12:01 1998
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Date: Mon, 19 Oct 1998 10:33:16 PDT
Reply-To: gphx@xxxxxxxxxxx
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From: "Darrin Vernier" <gphx@xxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: STKS Dow Danger Point
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Steve,
Thank you. I neglected to mention that the Friday and weekend I was
speaking of were past, though the orb of influence may well not be. The
astro event is Moon Mars square Pluto. Mercury square Uranus. Saturn and
Neptune are within one degree of square. That data is from AstroEcon, by
Robert Hitt. Net effect of those, the Carolan date, and the range ratio
remains to be seen. IBM and MSFT earnings tomorrow, by the way.
Good Trades to You,
Darrin
>Date: Mon, 19 Oct 1998 13:14:09 -0400
>From: Steve McGuire <netvest@xxxxxxxxx>
>Reply-To: netvest@xxxxxxxxx
>To: gphx@xxxxxxxxxxx
>CC: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Subject: Re: STKS Dow Danger Point
>
>Two questions.
>
>1. What is the astro point for Friday?
>2. Wasn't Carolan's crash point this past weekend?
>
>Darrin Vernier wrote:
>
>> Hello All,
>>
>> Just a heads up. Dow is at 8458 right now, and vulnerable to an
>> astro event Friday, and a Carolan panic point over the weekend. It is
>> currently at the 61.8% point of the range from the October 1997 low,
and
>> the highest high. If we are to maintain any semblance correlation
with
>> crash charts of the past, now would be a good time to do it. This
isn't
>> a crash prediction, just a heads up notice of potential. If the day
>> finds us much higher, then it was just another pivot. <g>
>>
>> Good Trades to All,
>> Darrin
>>
>> ______________________________________________________
>> Get Your Private, Free Email at http://www.hotmail.com
>>
>>
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>>
>> Name: Dow.GIF
>> Dow.GIF Type: GIF Image (image/gif)
>> Encoding: x-uuencode
>
>
>
>
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