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To: pater tenebrarum who wrote (85386)	2/8/2001 2:01:20 PM
From: John Pitera	Read Replies (1) of 86076

Hi Heinz, a very excellent post. there is certainly a very nice double momentum buy divergence on the daily gold chart. and the commercials long position is certainly not a negative. I guess a catalyst would be helpful.. Japan has been a decade ahead of the US in terms of market developments since early in the 20th century, so the end of the bear is probably close in time, if not yet in price. for GE's market cap you can for instance buy the entire Japanese electronics industry. worth keeping a close eye on...if the Nikkei were to break to, or below 10K, i'd definitely be a buyer, as this would bring on unheard of negative sentiment extremes imo. I agree with you very much on this. I was in Tokyo last month and had lunch with a schoolmate who is an investment banker with MER in Tokyo. He was very negative on the Japanese Market. He was telling me "our market was the worst performing last year," and I said well you know the NASD is down 56% from it's high in March 2000 and his response was " well our market still did really poorly" which it sure did they got up to 22000 on April 10th of last year. John

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