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Strategies & Market Trends : Asia Forum

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To: Zeev Hed who wrote (5450)	8/11/1998 11:34:00 PM
From: MikeM54321	Read Replies (1) of 9980

Zeev, I still don't know if the turnips have timed it incorrectly yet. I think we may still go lower the next week or two, then it wouldn't surprise me if we rally strongly after that. Then the previously predicted, Sept/Oct mini-melt happens. I still see reports about our good old friends, "flight to safety," and "foreign inflows" stories that are scattered throughout the media. Add to this the positive mutual fund inflows last week. Then add in the long bond going to 5-1/2%. "Liquidity" might just set the turnips back on course. Definitely a gutsy call on a one or two week rally from here. To gusty for me. Personally, I'm somewhat sitting on the sidelines for the next couple of weeks. Kind of hoping we go lower to form a stronger base from which to complete the summer rally. All IMVHO of course. MikeM(From Florida)

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