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To: Zeev Hed who wrote (13253)	1/19/1998 3:36:00 PM
From: Amots	Respond to of 18056

Zeev. What is your input on the Elliott Wave Theory?: exchange2000.com Amots

To: Zeev Hed who wrote (13253)	1/19/1998 3:53:00 PM
From: Jyoti sharma	Respond to of 18056

Zeev, My perception of Japan is based on my personal business experience of dealing with them over the years and just a guess. I do not have any financial data to back it up. Whenever there is a major problem they try to find a solution. If a tax cut is needed, they will implement it. I think market gyrations of the last three months has got their attention. They probably have contingency plans in place and will take steps based on their perception of risk. I am sure they realize a major Nikkei slide will cause havoc in rest of SE Asian markets as well as make most of their banks insolvent. Their banks I understand are a lot more exposed then the rest of the world. In addition japan is a rich country and has means and probably the will to manipulate their markets. If after all this Nikkei goes to 10,000 ( I have seen speculated at other places even lower numbers), DJ will be at least 5000 and cause a recession in US On allowing failing banks to fail, I doubt japanese will allow that to happen in a major way. That's not the way they do things in Japan. Tax cut may be easier for them. Zeev I do not understand high finance. My view is probably biased. Since last week of Dec I have started investing in Korea, Thailand and Malayasia. Best wishes and regards, Jyoti