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

To: John Pitera who wrote (3961)	6/1/2001 2:05:54 PM
From: John Pitera	Read Replies (2) \| Respond to of 33421

Since I've been talking about a potential ending of the Japanese 11 year bear market in equities, I wanted to post this hear as well... currencies should also be considered as potential investment vehicles , even if one never invests in them, they can be tells for economic developments that are emerging. In fact, the Yen's very strong relative performance, (it's actually appreciating against the US Dollar since April and has been very strong on the cross rate charts) ..may be signalling the end of the multiyear recession and bear market in Japanese stocks. I've been thinking the past half year or 9 months that we have been making a final low for the Japanese stock market. and this currency outperformance, coupled with the net Foreign buying of Japanese stocks for much of the past year, may be signalling the secular upturn in the Japanese Stock market. The USDollar is probably going to make a multiyear top in the next 6 to 9 months and that will be a larger macro trend that can be participated in. John