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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: Les H who wrote (7397)	3/3/1999 10:08:00 AM
From: Challo Jeregy	Read Replies (1) of 99985

Morning Les. Nice reprint. Thanks. Re:We are forecasting the yen to depreciate to 138/US$ by the first quarter of 2000, abetted by an expected tightening in US monetary policy Wow. Didn't expect them to get the $$ to 138! OOh well, we now see what P&F has been saying for a month now. And, folks (ala Maria) now we know which direction we will go before we hit 10,000. Well, maybe 11,000. <G> However, the market looks ahead, Les. If there are signs of a Japanese turn-around, we will see it show up in our markets, in various sectors.

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