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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (26325)	9/19/1999 10:53:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 99985

BTW- intervention is bad for US equity markets. People were worried the tokyo market was going to crater under the weight of a rising yen, which kills export profits. So the flow of equity slowed a bit, and tokyo droped 4 percent one day last week as the yen soared to a 3 year high. Now, with intervention, the japanese market is soaring. And it's going to suck MORE MONEY THAN EVER out of us markets into tokyo. Which is why our futures are still trading below fair value this morning, even as the dollar is rising back to normal levels vs the yen.