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Strategies & Market Trends : HONG KONG
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To: Ron Bower who wrote (2240)8/31/1998 11:03:00 PM
From: Chung Lee  Read Replies (2) of 2951
 
Ron, HKMA said further action would not be so obvious to the market as in the last two weeks, and actions would be more like "hit and run", don't know how effective it will be in the face of current global/macro condition. It does seem HKMA did a little buying to hold 7000 (my guesstimate), it is likely to retreat a couple hundred points from there when the line breaks.
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