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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (682)9/23/1999 10:26:00 AM
From: pater tenebrarum  Read Replies (1) of 19219
 
J.T., while everybody is watching the Yen, i believe the Euro is ultimately the more important factor w/regards to the U.S. stock market. European investors poured record amounts of money into U.S. equities this year. if the Euro should begin to rise things will get dicey real quick. note that the weakness from the July top coincided with a big rally in the Euro. nobody commented on it then, but i think it was one of the major factors contributing to the decline.

regards,

hb
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