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

To: Les H who wrote (42759)	3/11/2000 2:20:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

US 'inflating Taiwan arrogance' WILLIAM KAZER in Beijing Foreign Minister Tang Jiaxuan lashed out at the United States yesterday for "inflating the arrogance" of Taiwan's separatist forces and warned that relations with the island and the US were at a critical juncture. But Mr Tang tempered his tough talk with a conciliatory note, saying Beijing might be able to work with a new Taiwan leader after the island's presidential election next week, providing there was genuine willingness to come to discuss future ties. "What the US has done on the question of Taiwan has inflated the arrogance of the separatist forces on Taiwan," he said on the sidelines of the annual session of National People's Congress. "Therefore the US bears unshakeable responsibility for the tension in the Taiwan Strait." Mr Tang repeated Beijing's position that Washington should halt weapons sales to the island. Washington has approved a request by Taiwan to buy 162 US-built Hawk anti-aircraft missiles and equipment to upgrade an ageing anti-aircraft radar system. Taiwan is also reported to be seeking naval destroyers equipped with Aegis anti-aircraft systems following an arms build-up on the mainland. "The US has increased weapons sales to Taiwan both in qualitative and quantitative terms," Mr Tang said, adding that China's ambassador in Washington had made a diplomatic protest over the issue in the past 24 hours. China has also frequently condemned the US for suggestions that it might include Taiwan in possible plans for a Theatre Missile Defence programme. "At present both Sino-US relations and cross-strait relations are at a critical juncture," he said. "Here I would advise the Americans to recognise that what the US says and does on Taiwan would have a direct bearing on the future direction of the Sino-US relationship. It would also bear directly on peace and stability in the Taiwan Strait and also the Asian-Pacific region." But Mr Tang suggested Beijing would not prejudge the leader chosen in Taiwan's presidential vote. Although China's official media has made it clear that Beijing was concerned over the pro-independence policy of the opposition Democratic Progressive Party, Mr Tang suggested that even the DPP's candidate, Chen Shui-bian, could be a partner in the right circumstances. "If the new leader of Taiwan has no inclination towards independence and is genuinely willing to start negotiations, we can consider this," he said. China broke off talks with Taiwan after President Lee Teng-hui said relations would have to be on a "special state-to-state" basis. Mr Tang also suggested Beijing had not introduced new conditions in its policy White Paper on Taiwan issued last month. The document states that China would use force against Taiwan if the island dragged its feet indefinitely on reunification. He said the same policy had been stated by the late leader Deng Xiaoping as early as 1984. In the past, China has routinely said it would use force only if Taiwan declared independence or a foreign power intervened. US Secretary of State Madeleine Albright reacted to the White Paper by saying a Chinese military move against the island would be of the "gravest concern" to Washington. Mr Tang noted reports that France might sell a military satellite to Taiwan and warned Paris against such a move. He also took aim at what he called "scheming politicians" in Japan for talk of a private visit to that country by Mr Lee after he steps down.

To: Les H who wrote (42759)	3/16/2000 9:23:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

Advance/Decline and Moving Average Relationships By Sector: Mar 16, 2000 percent stocks advance percent stocks over MA sector 5 d 21 d 63 d 250d 10 d 21 d 50 d 200d ---------------------- ---- ---- ---- ---- ---- ---- ---- ---- General Market 03/16 51 57 55 54 57 60 57 49 03/10 43 48 50 51 52 52 47 46 03/03 66 50 50 52 62 52 49 46 low 2 02/25 30 39 45 49 36 38 41 42 high 2 02/17 46 41 48 51 47 47 48 45 low 1 01/28 25 45 55 48 26 39 46 44 high 1 01/14 54 63 62 49 62 62 59 49 low 10/18 16 24 26 51 19 23 24 35 Aerospace/Defense 58 50 57 37 59 57 50 35 Apparel (incl Retail) 73 68 47 44 77 75 67 32 Automotive 80 63 38 33 88 83 58 25 Banks 85 67 18 18 90 85 70 12 Biotechnology 4 61 100 93 4 10 58 96 Building/Construction 80 64 39 32 79 75 58 24 Chemical 77 51 42 41 77 66 41 32 Commercial Svcs 53 45 50 47 55 54 46 47 Computer Svcs 38 59 52 70 48 52 55 73 Computer Equipment 30 72 74 81 35 53 73 82 Consumer Nondurable 59 32 32 27 56 49 39 20 Drug (excl Biotech) 45 55 74 58 49 57 52 65 Electronics (incl Semi) 26 74 91 90 32 51 82 90 Environmental 38 43 38 33 48 33 38 33 Financial (incl S&L) 77 63 45 40 81 77 61 37 Foods 77 41 34 22 79 73 49 14 Healthcare 41 56 66 50 47 52 53 50 Household Products 53 43 40 35 60 50 38 28 Insurance 81 65 32 20 83 81 56 21 Internet 19 46 53 61 23 37 47 64 Leisure 52 46 39 39 60 55 46 32 Machinery 57 43 32 45 72 68 40 21 Media 56 38 43 62 63 56 36 55 Metals (excl Gold) 65 39 32 51 73 61 30 26 Oil & Gas 59 85 78 76 73 87 84 61 Paper Products & Pkg 76 40 18 36 84 74 34 18 Real Estate 77 57 72 32 79 73 56 24 Retail 65 57 42 41 72 70 56 31 Semiconductors 14 73 98 99 19 40 87 99 Software 29 66 70 81 36 55 71 80 Telecommunications 23 71 85 88 28 48 72 88 Transportation 72 64 40 41 78 76 53 31 Utilities 82 46 40 34 88 85 54 23 New Highs and Lows for Market ( 3710 stocks sans CEFs, ETFs) sector 20-days 40-days 63-days 1-year ---------------------- --------- --------- --------- --------- General Market 03/16 752 - 215 329 - 122 214 - 94 84 - 52 03/15 309 - 356 122 - 207 87 - 152 37 - 93 low 3 03/14 196 - 458 117 - 326 103 - 258 72 - 166 high 3 03/03 544 - 244 406 - 186 359 - 155 298 - 118 low 2 02/25 293 - 696 239 - 570 216 - 484 190 - 314 high 2 02/17 462 - 456 379 - 333 340 - 267 278 - 188 low 1 01/28 92 - 631 73 - 401 64 - 311 40 - 188 high 1 01/14 582 - 197 407 - 130 363 - 97 229 - 63 low 10/18 72 - 904 48 - 715 32 - 613 22 - 289 New 20-day Highs and Lows By Sector sector num 03/16/00 03/10/00 03/03/00 02/25/00 ---------------------- --- --------- --------- --------- --------- Aerospace/Defense 46 10 - 5 3 - 6 3 - 6 2 - 5 Apparel (incl Retail) 88 39 - 1 5 - 6 14 - 4 2 - 19 Automotive 40 14 - 2 4 - 5 4 - 2 2 - 9 Banks 112 62 - 1 2 - 25 4 - 13 2 - 38 Biotechnology 72 1 - 8 1 - 3 21 - 0 17 - 1 Building/Construction 110 45 - 2 8 - 9 9 - 14 2 - 32 Chemical 71 21 - 2 6 - 8 6 - 9 0 - 20 Commercial Services 199 32 - 14 23 - 18 15 - 16 5 - 40 Computer Services 56 6 - 3 8 - 5 6 - 3 4 - 10 Computer Equipment 125 9 - 14 27 - 2 32 - 3 18 - 10 Consumer Nondurable 41 7 - 0 1 - 14 2 - 4 1 - 18 Drug (excl Biotech) 70 14 - 7 8 - 6 8 - 4 10 - 13 Electronics (incl Semi) 240 16 - 13 66 - 6 78 - 5 43 - 12 Environmental 21 2 - 0 1 - 2 2 - 5 3 - 5 Financial (incl S&L) 124 54 - 3 9 - 21 18 - 11 6 - 26 Foods 56 23 - 1 1 - 13 3 - 14 4 - 25 Healthcare 173 22 - 10 12 - 11 31 - 8 21 - 30 Household Products 40 9 - 1 0 - 7 3 - 5 2 - 4 Insurance 98 43 - 2 4 - 17 5 - 18 1 - 24 Internet 316 6 - 61 48 - 20 55 - 13 31 - 44 Leisure 120 15 - 8 12 - 13 8 - 16 11 - 22 Machinery 48 10 - 2 5 - 6 4 - 2 0 - 17 Media 84 18 - 2 6 - 16 8 - 2 2 - 25 Metals (excl Gold) 78 16 - 3 3 - 13 1 - 3 4 - 25 Oil & Gas 165 37 - 2 16 - 2 37 - 6 6 - 29 Paper Products & Pkg 50 14 - 0 1 - 7 2 - 7 1 - 20 Real Estate 104 36 - 1 4 - 9 7 - 11 3 - 22 Retail 254 89 - 10 12 - 21 24 - 14 7 - 56 Semiconductors 120 4 - 8 36 - 0 48 - 0 24 - 2 Software 178 9 - 13 33 - 6 49 - 3 28 - 11 Telecommunications 216 13 - 14 51 - 4 65 - 1 48 - 6 Transportation 87 31 - 7 5 - 10 12 - 4 5 - 18 Utilities 111 37 - 0 11 - 13 9 - 9 0 - 55 note: see previous message for prior week