Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (3413)	3/8/2001 1:56:09 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

the Japanese Nikkei had a 4 to 1 Advance decline ratio on the tuesday 300+ point rally this is a very strong reading and is helping to confirm a final low in the Nikkei Bear market is very possibly approaching over the coming several months. I've posted the Economic collapse article and we should realize that this should probably be interpreted from a contrary opinion perspective. It's always darkest before the dawn, and I know that foreigners have been net Japanese Equity buyers this past year. My experience of working for Citi in Aus, after their currency had collapsed in the '80's helped to illustrate that the locals tend to be most bearish about their economic situation at bottoms... I know we were. The opposite tends to happen at tops, look how bullish most Investors were to US stocks going into March of 2000, while the European economist had a few cover stories on the US market bubble the preceeding year. Jay Shartiss, has a similar thought today about the Japanese Headlines and he notes the large put trading in the JPN.: ------3/08/01 12:13 PM ET Did you hear on the news today that Japan is in danger of "financial collapse"? This kind of sentiment of course is identified with bottoms. I know that the feeling regarding the Japanese market is similar to that now being expressed toward the tech stocks -- hopelessness. Is an opportunity developing for Japanese stocks? I note that there has been quite a lot put trading for the Japan Index (JPN:Amex). -------