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To: McNabb Brothers who wrote (27356)1/11/1998 9:54:00 AM
From: Thomas J. Smith  Respond to of 176387
 
GOOD FIND HANK-------------------------------

I do believe that the Asian market could take about a 10% hit tonite, but the Dow will probably find support in the 5 to 7 percent area (@ 7000)..... Dell will more than likely be looking at support around it 200 Day Moving Average during the week.

One thing that is a given,,,, the markets will be in turmoil this week and the uncertainty of this Asian crisis is still very much unknown to the best analyst in the world. In uncertain times the BIG money holds off on buying until the dust settles.

This week may not be one of thoughs times you should "buy on the dip" since some



To: McNabb Brothers who wrote (27356)1/11/1998 11:14:00 AM
From: Boplicity  Read Replies (4) | Respond to of 176387
 
Hank, Droping property vales. It happen in Japan first, then Honk Kong, it could happen in the USA starting soon as next year.

"'The Hong Kong stock market is influenced by property and property prices are going down, so that weighs on the market. There is a weight overhanging Hong Kong which is only going to be lifted when there is some normality in interest rates.''

Hong Kong home prices have tumbled some 20 percent from their 1997 peaks and are set to continue falling, casting a pall over the government's first land auction of 1998 due on Tuesday.""

Greg