Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (50448)	3/21/2001 9:09:07 AM
From: Jon Matz	Read Replies (1) of 94695

Bill, you might want to consider the global situation before diving in, even if the NAZ holds above 1800 until early next week. Particularly watch the Nikkei 225 of Japan. Your assumed level of make it or break it 1800 on the NAZ is the same as 13000 on the Nikkei 225. They have been well below that level for several weeks, until today. If they start closing below it next week, the banks will have to sell equities big time before the end of the month and several large banks will have to close. If they do, it's extremely likely that NAZ 1800 will not hold. Be careful out there, Jon

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