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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.100.0%Jan 23 4:00 PM EST

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To: HairBall who wrote ()5/14/2000 9:57:00 PM
From: Square_Dealings  Read Replies (1) of 99985
 
From another board...

From Robert Hitt, AstroEcon 05/13/00
The Chinese factor
The Chinese head of forex trading was reported to have committed suicide last Thursday. Insiders tell me that this is a sign of something. Something VERY BIG. Could China be the equivalent of Russia in 1998 and take down the world derivative markets? The big down day last Friday in the USD may have been due to rumors to that effect. The actual cause of the suicide may never be known but the coming week should give us clues if the Chinese are on the
wrong side of a position. I don't discount a surprise attack on Taiwan either as a reason for the suicide.
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