Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (41898)	7/18/1999 8:45:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 94695

Sunday July 18, 8:12 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) China's Jiang cautions Clinton on Taiwan SHANGHAI, July 19 (Reuters) - Chinese President Jiang Zemin has told U.S. President Bill Clinton that Beijing had not ruled out the use of force to resolve the Taiwan issue, the official Xinhua news agency said on Monday. Xinhua said Jiang had made the remarks in a telephone conversation with the American president on Sunday.

To: Les H who wrote (41898)	7/19/1999 6:26:00 AM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Les Horowitz, In the immortal words of our favorite Rosanna Rosannadanna (sp?), "It's always something!" That and the bull(bear?) in the China shop are not doing much to Globex this morning. Bill

To: Les H who wrote (41898)	10/9/1999 11:20:00 AM
From: Les H	Read Replies (1) \| Respond to of 94695

Fleming analyst says Dow set for 2-year bear phase By Elaine Hardcastle LONDON, Oct 8 (Reuters) - The U.S. Dow Jones's twelve-year bull run is over and during the next two years the index could drop as much as 38 percent, investment bank Jardine Fleming's technical analyst said on Friday. ``The bull market has run its course and we are in the first corrective wave,' said Naoyuki Fujihara in a note. ``We do not expect the market to be attractive for the next two years.' Fujihara's analysis of the market since 1929 uses Elliott theory to measure waves in market movements and to predict a turning point in the trend. His research concludes that the Dow's bull market terminated on 24 August when the index hit 11,365 after a rise of 600 percent since the 1987 post-Black Monday low of 1,616. The analyst said the market is now in a corrective phase characterised by the emergence of doubters building opposing investment positions. As confidence ebbs, investors increasingly seek quick gains. Over the last few weeks the U.S. index has been dragged some seven percent from its August 24 peak to stand currently at 10,537. The market has been hampered by fears of rising interest rates. U.S. policy makers left interest rates on hold on Tuesday but attention switched immediately to employment data due later on Friday and the fear that inflationary pressures would prompt a rate hike in November which could trigger a sharp downturn in share prices. Fujihara expects the Dow Jones to fall around 15 percent over the next three months, taking the index back to test the 8,914 level. The analyst said a rebound from oversold levels could cause a brief recovery back to the 10,000 marker but he warns that the downward trend will reassert itself and will last for two years. ``...an additional correction is expected to continue until 2001, with a gradual fall taking the market down to 6,490,' he said, targeting a 38 percent drop from current levels. ``In the 15-year cycle the market rises for 12-13 years then corrects for two to three years. We expect the bull trend that started in 1987 to terminate this year.'