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Strategies & Market Trends : Notes on the 1990 Nikkei Crash

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To: Jack Hartmann who wrote ()4/23/2000 4:37:00 PM
From: Jack Hartmann  Read Replies (1) of 27
 
Anindo, the NAZ can certainly be compared to the Nikkei in the late '80's due to the manic nature of both
markets. interestingly, the Nikkei's final advance was driven by pharmaceutical and biotech stocks, on rumors
about cures for aids.
the distribution stage was actually a rally...not a drawn-out topping process. from the top the Nikkei collapsed
without much ado. after the first 10% down it built a two weeks long bearflag, and then the bottom fell out. the
Nikkei crash actually had two stages, the first stage was followed by a suckers rally after which it crashed again...
i have no idea how the NAZ mania will end, but it's possible that the distribution has already taken place.on the
NYSE distribution was definitely accomplished between late October-early January, in the guise of a rally.
Message 12987540
Jack
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