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

To: Benkea who wrote (43205)	3/15/2000 7:01:00 PM
From: Don Green	Respond to of 99985

Market Basics: Yen Likely To Weaken Thursday, March 16, 2000 TOKYO (Nikkei)--The yen has been gradually rising, but the prospect of further yen-selling intervention by the Bank of Japan should limit any further gains, says Taisuke Tanaka, foreign exchange strategist at Credit Suisse First Boston in Tokyo. After testing its highs, the yen is bound to weaken again, Tanaka says, and by the end of April, the dollar should be trading between 105 yen and 113 yen. Japanese institutional investors ordinarily sell foreign-currency-denominated assets in March to realize profits for the end of the fiscal year, and the resulting repatriation of funds tends to boost the yen. But he notes that Japanese financial authorities have shown they are prepared to intervene to prevent the dollar from falling below 105 yen. Foreign speculators appear to have completed unwinding short yen positions, but they are unlikely to move to increase their long positions. Through the end of March, the rate is likely to hold between 105 yen and 108 yen, Tanaka says. It is often the case, once April begins, that domestic institutions make fresh purchases of foreign bonds, and funds flow away from the yen. Foreign speculators can hop on to this trend, adding to yen-selling pressure. At that point, the dollar will head back toward 111 yen, the yen's weakest point so far this year, Tanaka says. (The Nikkei Financial Daily Thursday edition)

To: Benkea who wrote (43205)	3/15/2000 7:34:00 PM
From: bobby beara	Respond to of 99985

Benkea, you may be onto something with Berkshire Hathaway selling at book value -g- 207.61.23.98 I get a very nice ABC decline from the 1998 top, with the final leg down in a very nice five wave count from March 99 and the final 5th of that wave a nice 5 waves down from the november 99 high. They thought he was God in July 98, now they think he's all washed up -gg- We may have seen the bottom of the nyse a/d line, i also get 5 waves down on the transports, from may 99. I wonder if greenie has engineered another soft landing? If this is true we are going to continue to see a bifurcated market, just opposite the way it's been going. b