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Pastimes : Ask Mohan about the Market

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To: Cynic 2005 who wrote (14011)	2/11/1998 9:17:00 PM
From: Zeev Hed	Read Replies (1) of 18056

I actually think that the dollar will see new highs against the yen and German mark soon, but I agree with you that this rally does not look too good. I usually hate agreeing with Kurlak, but when he takes my side of the argument, I have no choice. I think that we are at the beginning of a down turn for technology not the end, and thus awakening will come and hit us. Witness the "causeless" decline in MOT and INTC today. Yet, the momentum is still there, so do not expect it to turn dead in a day. I'll have to start and rework the big picture scenario here, it is looking more and more like a year in which we get a big October decline, but I need to rearrange some of those turnips to get a clearer picture. Zeev

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