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Strategies & Market Trends : January Effect 2003 -- Ignore unavailable to you. Want to Upgrade?

To: Londo who wrote (371)	4/22/2003 11:21:09 PM
From: Londo	Read Replies (1) \| Respond to of 666

Wow, I feel very lucky to get out of that one alive, let alone with a minor profit. Trading at 8480 and it just looked like it got pushed off a cliff or something, it was a parabolic descent. Too bad, it would have made a good short! I never anticipated it getting slammed so badly today! I still won't short the index until the S&P 500 has safely peaked (or at least is approaching it). Hang Seng itself is looking rather shaky, with the cash index sitting on 8500. The mini-downtrends typically take about 5% out of the index value per pop...

To: Londo who wrote (371)	4/24/2003 2:20:59 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 666

Looks like it was not wrong to sell the HSI, etc: SARS Hits Asian Shares, but Tokyo Gains Thursday April 24, 1:11 am ET By Bradley Perrett SINGAPORE (Reuters) - Worries about the SARS virus hit most Asian stock markets on Thursday, sending Hong Kong shares to their lowest levels in more than four years and wiping four percent off Taiwan stocks. ... ... The benchmark Hang Seng Index of blue-chip stocks reached a new four-and-a-half-year low, falling 1.1 percent to 8,424.38. "If the market falls below 8,400 points then that signals a total loss of confidence," said Y.K. Chan, investment strategist at VC CEF Brokerage. International debt-rating agency Fitch Ratings (News) lowered its outlook on Hong Kong's foreign and local currency ratings to negative from stable because of the economic impact of SARS.