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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Defrocked who wrote (8286)	11/17/1997 2:51:00 PM
From: Jaxax	Respond to of 18056

biz.yahoo.com

To: Defrocked who wrote (8286)	11/17/1997 2:53:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 18056

The long bond is going up again, so somewhere in this 300 points rally of the last three days, flight to safety is still continuing. A number of my favorite techies have stopped smack into their resistance level (VECO, CYMI, AMAT) and while I hate getting in front of a freight train (which this rally sure looks like one), I have a feeling that the asian markets are going to follow the weak sisters back down later this week and we are going to be down post the expiration. Into the expiration I think we will settle at under 7800 by more than a narrow margin. I will definitely turn much more positive if INTC got back above 82-83 and stayed there and if AMAT broke through the conjestion in the 38-40 range. I am still seeing the next few weeks as down weeks, however, and those blusing turnips are paling again. The SI BTB has roared and that indicate to me too much positive feelings in the general market in face of unresolved problems in Asia. Will the intervention of BOJ work to stop the slide of the NIKKEI to 14,000? It worked here when the FED organized a rescue party in 1987, but the market still took quite sometime to revive and revisited the low then during the same December. Zeev