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

To: NOW who wrote (6179)	5/25/2002 10:44:00 PM
From: macavity	Read Replies (1) \| Respond to of 33421

Not sure I am answering your question correctly. To see a graph of the returns of the Nikkei in $ then your best bet is EWJ - These are Japanese stocks in Yen and valued in $. The Nikkei on the CME is identical to the Nikkei on Osaka/Simex but it pays you a fixed dollar amount per point, not a fixed Yen amount per point. EWJ has broken out, whereas Nikkei has not. This is because the $ has fallen out of bed, and hence the value of Yen stocks in $ has increased. If you are a dollar bear you would prefer EWJ, if you are a dollar bull (or an agnostic) then you would trade the future on the CME (if possible). EWJ is not exactly the Nikkei, but it is effectively the Japan Market in $. - I hope that I have explained it correctly. -macavity