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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (2804)	6/27/2000 11:14:00 AM
From: orkrious	Read Replies (1) \| Respond to of 30051

Sam, that was a great article on Japan. I am sure there is a little bit of foresight in it. I too don;t understand SNDK's action today. I was one of the people causing the "flurry" of which you spoke. I loaded up the boat, and I'm watching the stock tank. REDI and INCA have plenty to sell. jay

To: Sam who wrote (2804)	6/28/2000 8:41:00 AM
From: Zeev Hed	Respond to of 30051

Sam, neither do I but when the TA and the FA do not jive, follow the TA, I'll see how it open, but an excursion under $60 will be quite bad and possibly an indication that much worse is ahead, including a possible delay if not elimination of the summer rally. The Dow is still holding above the 10300, and the NAZ has now a "hold or die" level still further down (I have 3575 as hold or die, with a breach of 3830 leading rapidly to that level). As for the article on Japan, the lousy 1% interest on Postal is one of the reasons I expect some of this money to find its way here, particularly if the yen weakens. I do not see, however major weakening of the yen and still have the top at 110 yen/$ and bottom at 102 yen/dollar. The story is interesting, but it sounds too much like the stories we were told here in the early 90' that our budget deficit will reach $13 trillions before the end of the last century. Sure they have "endemic problems", but not such that will lead to a depression. Zeev Zeev