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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: James Strauss who wrote (3438)8/24/2003 6:17:49 PM
From: Crossy  Read Replies (2) of 3902
 
James, re: downtrend broken
thx for running my fundamental predictions thru your TA meat grinder.. In the meantime, you could check out Sid Klein's website. I think he is rather astute. Now why he recommends JApanese domestic oriented value stocks - which I think is a tad premature (I would choose "indirect" exporters over domestics) his ideas are really interesting : www.sidklein.com

He thinks that the Yen should rise big time somewhere down the road.. Certainly possible IMHO but right now the exchange rate vs. the dollar has not moved much... let's see. If the yen appreciates, domestic firms would benefit.. but for now the Japanese ecnomic recovery was EXPORT induceed, that's why I like "indirect" (hidden) exporters - those whose ´components go largely into exports by 3rd party japanese firms such as some select semis (power semis) or materials companies or semi equipment makers..

rgrds
CROSSY
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