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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: Professor Dotcomm who wrote (1931)	6/21/1999 6:06:00 PM
From: Step1	Read Replies (1) \| Respond to of 3902

Dotcomm, Mr Professor, I stand by my figure. While I see little evidence that such a quick rise is warranted on fundamentals, (not easy to see the fundamentals either...) I think that we have essentially insured that we will go higher than 18,000. I will not go long here for the simple reason that I find the US markets way too extended and while that (not go long ) may seem contradictory to my statement, I think the upside is limited compared to the downside risks associated with a US downdraft. The time to go long was 16,400 before the GDP data was release. The DOW drop near 200 pts the day before that but the Nikkei at that point had no response, something I found strange... however unfortunately I didn't act. The next day it was off to the races.... Since the NAZ did so well and appear to be in blow off mode right now, I would not be surprised to see the N225 laden with blue chips go higher. The question is : Have we all gone crazy? All I know is that I want to be the last bear left when this all ends, when everybody has turned a bull, it can't go higher. Good luck sg