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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 (2208)	1/13/2000 11:44:00 PM
From: borb	Read Replies (1) \| Respond to of 3902

We were thinking of around 95 to 105 end of Y2K. The comment below seems disagree. Are we wrong or it is only short term adjustments? How about the impact to Nikkei?? SCOTT SILLER, SENIOR TECHNICAL ANALYST, MCM CURRENCYWATCH EURO/DOLLAR: "For now, it looks like a broad two-cent range might be developing between the January 6 highs of $1.0417 down to $1.0213. We tested $1.0213 on Monday, before recovering to test $1.0370. From there, we've had a steady two-day decline almost back to the lows. ``If we got below today's lows in the $1.0240 area, you could take out $1.0213...and below there, $1.0180. If you get below there, you could test the lows, and it would be resumption of weakness. But I'm more optimistic than that -- I think we'll hold onto this range and see a higher low than $1.0213 and maybe a test of the $1.0360 area.' DOLLAR/YEN: "My weekly indicators are giving me strong buy signals here. It's deeply oversold. We had a nice base form at 101.25-31 and I'm very optimistic for dollar/yen. I'd like to see it get back above 108, and I think 110 will be pretty easy to do. "I'd only start to worry if we got below 104.30. On an intraday basis below 105.45, which is around the day's lows, would be a little concerning. That may set us back to 104.90. Below 104.30 or so would get me concerned and certainly below 103.25 would be a big negative for the market. STERLING/DOLLAR: ``I'm pretty optimistic here, too. It looks like we will hang on above $1.1640, but $1.1639 would start to be concerning. But it looks like we're pivoting pretty well from $1.6410, and I think we'll make new highs on the day today. I think we could possibly push up to $1.66 the figure in the next day or two. And we could possibly make our way back to the $1.6790-95 high of mid-October. I don't have any signs of negative divergence on my daily studies, it looks like it's pretty firmly in an uptrend now.' HANS KASHYAP, PRESIDENT, ANALYTICS RESEARCH CORP. DOLLAR/YEN: "We've seen a nice reversal from that 101.30 level up toward 106.60. It's probably going to find short term resistance at 106.30-60 due to a double top in November at 106.60 on its way down. You could see it hold here and dip back to 105-104.50, but for now, dips will be buying opportunities against the 101.30 level. ``I think we're in the middle of a potentially big change in trend. It's been battered all the way down to the 101 level, but at this point, I can't see it under 101.30. Dips down to the 104 to 103 area are going to be buying opportunities, and then it's going to push past 106.60. It's going past the previous swing high of 108.20, and later this year, we'll probably see the dollar trade around 111-112.'