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To: fut_trade who wrote (2752)11/13/1997 12:09:00 AM
From: tech  Respond to of 27307
 
I wouldn't od that, Peter. Hong Kong's up 2%, Japan was up 1% but is now dropping....and EVERY other Asian country is down. Russia is down almost 10%, just as Brazil was, and others are down considerably, including Hungary down 7%. Up 1 or 2% after going down 33-50% does not mean a recovery. Volume in Japan is very light, wouldn't trust it. But hey, you can buy if you want if you think we've hit bottom. I think it will take a couple more resolutions in Japan and Hong Kong's economy before it's over....maybe two months.
Tech



To: fut_trade who wrote (2752)11/13/1997 12:17:00 AM
From: Bill Harmond  Read Replies (2) | Respond to of 27307
 
>>I'm thinking of placing a YHOO buy order for tomorrow morning it things keep going.

I'm not. Although I expect a strong (and short-lived) rally during the next few days to flush out alot of November put-buyers, I think there's too much damage being done at the moment.

If you do it though, Peter, I hope you do well.


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