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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 694.04+0.7%Jan 9 4:00 PM EST
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To: HairBall who started this subject12/25/2000 9:33:24 AM
From: Crimson Ghost  Read Replies (1) of 99985
 
Wall Street rarely gives money away. but it happens occasionally. To wit -- the heavily tech-oriented Japanese market almost always follows big moves in the NAZ -- both up and down.

Observing the big move in the NAZ Friday, I bought the leveraged Rydex Japan Fund on the assumption that the Nikkei would again follow the NAZ. And sure enough the Nikkei jumped nearly 4% today.

Much safer to buy the lagging Japanese market on big NAZ updays than to chase QQQ.
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