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Politics : Idea Of The Day
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To: James Strauss who wrote (22296)1/3/1999 9:58:00 PM
From: J.T.  Read Replies (1) of 50167
 
James, Yen is soaring against the dollar and this is bad for Nikkei. Nikkei in shortened sesion stands at 13,415 down 400+. This is not good. Japan is now poised to go test waters at or below 13,000 shortly. WE HAVE NOT HAD 2 CLOSES IN A ROW BELOW 13,000 SINCE 1985 OR '86. Technical breakdown of Japan markets will have serious psychological repercussions for global markets. NIKKEI MUST HOLD 13,000 FOR U.S. MARKETS TO SUSTAIN ADVANCES. FAILURE TO DO SO AND ALL BETS FOR ADDITIONAL HIGHS ON DOW< NDX< COMP< SPX ARE OFF.....JT
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