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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (29524)	4/27/2000 6:32:00 AM
From: AllansAlias	Read Replies (1) \| Respond to of 42523

Good point to remind us of the situation in Asia. I don't know the intricacies of the scene there, but I have been following the charts (N225, HSI, and TWII) since the election and they could break in a most ugly way with another small hit. The N225 is the most important in terms of spillover here and it is at the precipice. After hitting a new intraday low yesterday going back to early November, the local PPT rallied it pretty well, but it fell off hard again last night closing at the lows of the day just a hair above the technically and psychologically important 18000 level. After the decent post-election rally the Hang Seng is now in chaos mode. It is often the case that once a market is wounded, as is the American one, that an outside political event (i.e., not directly economic) deals a crushing body blow. The Taiwan situation tops my list of candidates for such an event. --Allan