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Politics : Idea Of The Day

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To: Tom Trader who wrote (18527)6/3/1998 6:01:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
Tom -- I think bad news from Asia is fully built in the market. It is the worries like Russia with continental borders to Europe and continued weakness in Japan which needs to be very closely followed. I think Malayasia Indonesia Thailand Hongkong selling at a discount therefore even a steep selling in Indexes is not reflected in prices of Webs. ASEAN countries if any will export price stability and induce brakes to US heated economy, now that even NAPM is showing some signs of slowing down ASEA's continued weakness will only help to ally fears about any pre-emptive Fed action.I would continue this strategy until the lows of Oct are not taken out, I have a feeling that we might be at the end of a correction specially looking at composite second rebound from 100 days MA. I will think today we should see this 1102 taken out.
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