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Strategies & Market Trends : HONG KONG

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To: Richard Tsang who wrote (1284)	2/2/1998 2:00:00 AM
From: Tom	Read Replies (1) of 2951

I will Richard. And for all... I do not like seeing the USD edging higher against the yen. A strong, or strengthening, USD is the platform from which the hedge funds operate. Don't even consider the Deutschmark when attempting to analyse all of this. The DM is (and has been) being abandoned in favor of the Swiss Franc. EEU, and all that, you know. It's a shame. Truly it is. Because what this now smacks of is one person pinned to the ground by another, while a third picks his pockets. I don't like it. The HSI will establish a higher support level, but another no-vote from me on this rally. We'll see what the HKMA has to say this week about any new scheme(s) for defending the peg.

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