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To: Step1 who wrote (7025)	7/28/2000 9:39:36 PM
From: pater tenebrarum	Respond to of 436258

Stephan, quite right, "supercharging" the Nikkei was the whole idea of the reshuffle. talk about shooting yourself in the foot! it is interesting btw. that in the current decline the Nikkei seems to lead all other markets. the whole Asian region is all of a sudden extremely wobbly...both currencies and stock markets seem to be under pressure. in fact it looks suspiciously like deja vu. imo what is happening here is that chickens are coming home to roost again. not enough has been done as a result of the crisis w/regards to weeding out of malinvestments - instead the region was engaged in its own mini bubble. perhaps the recent synchronization of the global economy will result in a synchronized economic debacle as well? just a thought...

To: Step1 who wrote (7025)	7/28/2000 9:56:26 PM
From: IceShark	Read Replies (2) \| Respond to of 436258

Thanks for the report, Stephan. Too bad those J morons keep their head up for a classic oosik bashing rather than hunkering down. -g- The index shifting is a common scam world wide.

To: Step1 who wrote (7025)	7/28/2000 10:17:23 PM
From: AllansAlias	Respond to of 436258

I received a couple of PM's about Nikkei targets. Going down I see these milestones under 16,000. They are +/- 50 as you'd expect. 15,900: Horizontal support and fibo. Draw a line from May/98 to May/99 for HS. 15,600 and rising: Support trendline from major low of Oct/98 thru low of Jan/99. 14500: Lot's o' stuff waiting there. A couple of old lows from '95 and '98 and highs from late '98 and early '99 tested this area. 14,500 and falling: Internal balance/trend line. This is one of those funky Schwager lines and it's a beaut. It goes all the way back to the high of 1987 and the entire move since has revolved around this line. 12,450 and falling: The abyss. We must never speak of what lies under this. Agreed? This is the bottom of the channel it's been surfing in since at least '91. ------------- Some stuff left out 'cause this was really turning into a TA-head post. Better answers are available from smarter people. Cheers --Allan