Ask Mohan about the Market Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Mohan about the Market

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cynic 2005 who wrote (17847)	9/26/1999 9:53:00 PM
From: Cynic 2005	Read Replies (1) of 18056

As I expected, the G-7 tea party did not produce anything concrete. They all spent thousands of dollars in air tickets and hotel stays to say that they are "concerned about yen." Gee, all of us must be relieved now! -g- My speculation is that a lot of people in the forex markets are waiting for the great time they are going to 'intervene' so that they can: 1. liquidate $ denominated assets and convert them to yen; and 2. short $/yen at higher levels. Another thing that noticed in the G7 statement is that the US will try to boost personal savings rate in the US! Aa haa? How are they going to do that? Boost rates? Some soliloqy: on Developments and expectations for this coming week - after this "important" G7 tea party: They are running the buy stop orders on the Yen/$ which is giving some lift to Nikkei. I think (hope?) it will not last. The psychological indicators I have seen over the weekend all point towards a nasty fall towards the early part of this week. (cliche - BWTFDIK?) 1. Nobody on the financial shows is expecting the selloff to continue. 2. I am a scared bear - not a confident one. My expectations have turned very modest after the last week selloff has nothing to show for me (in terms of gains) 3. MOst important of all - the Myth thread saw absolutely no interest over the weekend. This has to be one of the slowest weekend the thread has seen in a while. It is interesting form the point of view that it was after a week DOW has dropped more than 500 and DUNG about 130! Go figure. As I type this, the spoos are up 9 and the buck is up 1.6 yen, NEKKEI is up 160. Things can change in a very short order. I am not just hoping, but I am expecting them to!! Fingers crossed! Chart Reminder: 50 DMA Just met 200 DMA from above on FTSE. FOr SPX and BKX 50 DMA is already lower than the 200 dma. The DOW is the only index that appears to be stopping a carnage! Can it? We will see!! quote.yahoo.com^FTSE+^spx+^bkx+^dji&d=2ym

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next