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

To: GTC Trader who wrote (9578)	11/26/1997 10:43:00 PM
From: Zeev Hed	Respond to of 18056

Happy, I do not expect a very sharp drop until February, but I do expect the semi stock to be leading the charge lower, while the darlings of Wall Street to keep the Dow and the S&P in a trading range. If the bond breaks 6%, however, then the negative scenario has to disapear or at least be delayed. I think however that every time the bond will get close to that level it will be sold by BOJ. I do expect a seasonal strength to establish itself by the third week of December, just this cheerful period (also the imbalance between professional and the public tends to shift toward the more exuberant public during this holiday period, since the pro are vacationing in the Carribes. Zeev