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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (47091)6/30/1998 1:10:00 PM
From: Gersh Avery  Read Replies (1) of 58727
 
You were looking at yen futures.

That symbol typed in gives a graph result in normal view .. that is if the graph is up the value of the yen is up in contrast to the dollar.

With the futures up the exchange rate is up also. That means that more dollars are being converted to yen than there were yesterday. Liquidity flow.

Yes the Fed added liquidity to the system. But the flow of liquidity to the yen (Japan) outweighs the flow into the markets. (a little at this point)

Main point that liquidity will be taken out is from bonds .. however there is a "taste" of flight to quality now (gold-fear meter). Because of that I would expect the dip in bonds to be bought from money out of stocks.

Still looking at this afternoon to have a nice pull back in stocks.

Yes .. almost the first point. 1130.15

Gersh
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