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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (4476)	9/15/1999 10:47:00 AM
From: John Dally	Respond to of 5676

Hi Arik, Yes, I also see the Yen/Dollar exchange rate as key to our financial markets. The Japanese have financed our spending spree until now (selling us goods and reinvesting the proceeds in US financial assets), but may now want to take their money home . . . (WSJ: August retail sales rose 1.2% from July and 9.1% from a year ago as consumers were busy buying everything from cars to computers.) Also, to the extent that speculators have borrowed in Yen and invested in Dollars, as the Yen rises it will cause them to unwind their positions (selling dollar assets) putting further pressure on the Dollar (& more unwinding, etc . . .) So, perhaps we've finally seen the high for the MILLENNIUM!!! -g- Best regards, John. PS: Last chance to unload your "big dipper" MythMan!!!

To: Arik T.G. who wrote (4476)	9/16/1999 4:24:00 AM
From: JDinBaltimore	Read Replies (1) \| Respond to of 5676

Hello Arik, Something is brewing, we all agree, Hints of inflation, weakening dollar, bonds above 6.00%, a down market on benign inflation numbers. Since your forte is charting, what's you're read on this A/D of NYSE. decisionpoint.com I was hard pressed to find any periods with a gap this large price to a/d's with the exception of 29. Good to hear from you again, Best Regards JDinBaltimore

To: Arik T.G. who wrote (4476)	9/16/1999 10:08:00 PM
From: yard_man	Read Replies (1) \| Respond to of 5676

I agree with this: >>The market is a discounting mechanism. If y2k will produce only minor disturbances, then the market should produce a big releif rally in January. But it has to prepare for worse to be relieved. It cannot just hang close to its all time high and then rally big time on the relief. << we have to have a decline before the relief, then after the relief a crash, but I don't have a any chart science to tell me when we get the panic between now and the end of the year ... leaning toward sooner rather than later(December) as we have had a couple of failures to go much higher on the DJX ... I know it is a rummy index, but one the masses follow