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Strategies & Market Trends : S&P Index Futures (Daytrading SP)
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To: ratan lal who wrote (104)12/14/1997 7:19:00 PM
From: VALUESPEC  Read Replies (2) of 350
 
Japan is opening weak. I decided to go short 1 Mar s&p @ 963.20.
With all the asian tensions, I might get lucky and witness a nice selloff. Japan releases it economic plan on tuesday. If it is not viewed favorably, the US and world markets could have a bad time. At this time, it looks like Japan may not do enough. They want to protect the bank (good), but not inject money into the economy by a new gov spending program (bad). It is generally felt that Japan must inject money to get the economy going.
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