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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (403)	8/5/1999 5:51:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 19219

J.T., i have to agree with you - imo even if the market puts together a string of up-days from here it would be a rally i'd want to short. i shorted INTC two days ago and a bunch of other semis too, after i heard on CNBC that one "must own" these stocks. regards, hb

To: J.T. who wrote (403)	8/6/1999 1:59:00 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

On the International Front: Keep an eye on North/South Korea Relations over the next several weeks. A link from Newsday.com: Korea Peace Talks Resume By GEIR MOULSON Associated Press Writer GENEVA (AP) -- Talks aimed at bringing permanent peace to the Korean peninsula resumed Thursday with little sign of a breakthrough and a backdrop of renewed tension over North Korea's missile capability. Opening the latest round of negotiations with the two Koreas and the United States, China -- which is chairing this session -- called for a positive approach and stressed their ''importance and urgency.'' The talks, launched in 1997, are ''still far from reaching (their) ultimate objectives,'' after five rounds taken up largely by procedural issues, said Qian Yong-nian, head of the Chinese delegation. With trust dwindling and military activity increasing, ''there exist factors leading to and possibilities of more military conflict and chance occurrence,'' Qian warned. As the talks opened, South Korea and Japan continued joint naval training exercises in the East China Sea, denounced by the communist North as a move by the two nations to launch a war against it. And on Tuesday, North Korea threatened to go ahead with a missile test-launch if the United States continued to pressure it. Washington had accused the North of planning to test a long-range ballistic missile. Delegations said the missile issue was being sidelined at the talks, expected to finish Monday. ''This is definitely not in our agenda,'' Qian said. South Korean delegation leader Park Kun-woo said he didn't address the issue of missile tests, but generally ''expressed my concern in neutralizing ... weapons of mass destruction.'' North Korea sent shock waves through the region last August by firing a three-stage rocket that sailed over Japan and landed in the Pacific. Pyongyang said it was a satellite launch. Following Thursday's opening session, the delegates will work in two committees -- one to reduce tensions on the Korean peninsula and the other to work toward a permanent peace. The four former combatants say it likely will take years to write a peace treaty to replace the temporary armistice that ended the 1950-53 Korean War. They also have made little tangible progress toward reducing tensions. North Korea insists that the talks include its demand for the United States to withdraw its 37,000 troops from South Korea -- a demand the United States and the South reject. In a preparatory bilateral meeting, the United States urged North Korea to move toward improved relations with other countries and warned against another long-range missile test. Copyright © Associated Press. All rights reserved. Best, J.T.