Notes on the 1990 Nikkei Crash Message Board

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Strategies & Market Trends : Notes on the 1990 Nikkei Crash

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To: Jack Hartmann who wrote (5)	4/23/2000 4:57:00 PM
From: Jack Hartmann	Read Replies (1) of 27

The Daily Chartist: Remembering the Nikkei By Helene Meisler Special to TheStreet.com 12/8/99 8:23 AM ET Dec. 8, 1999 OK, I promise I won't say a word about how narrow yesterday's Nasdaq rally was. And I promise I won't mention how broad the decline on the NYSE was, except to say that if the rallies were half as broad as the declines, this would be one heck of a great market. I am, however, going to respond to a question I get frequently these days: "Have you ever seen this before -- this action we're seeing on the Nasdaq?" The answer? Yes. When and where? Ten years ago, but not in the U.S. -- in Tokyo. Just look at the similarities between the Nasdaq's chart today and the Nikkei's in 1989. I figure most of you know how that run in the Nikkei ended. For those who don't, the high -- just shy of 40,000 --was during the first week of January 1990. Will the Nasdaq repeat the Nikkei's performance? I wish I knew the answer to that, but so far I'm keeping an eye on the similarities. thestreet.com ******************** Good charts also comparing the two indexes. Jack

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