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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: ViperChick Secret Agent 006.9 who wrote (33591)1/19/1998 11:19:00 PM
From: donald sew  Read Replies (2) | Respond to of 58727
 
Lisa,

Just checked the Asian markets and it is mixed. HK up 1+%, Korea down slightly, JAPAN up 45 points, and the rest of Asia, mixed as well.

Japan, at the open actually gapped down and dropped 200 points and ran up into positive territory by about 200 points and now heading flat. If JAPAN was to close flat, it would form a DOJI, which would be a reversal signal. Believe me, the Japanese traders know what that means, so we could see a reversal in the JAPAN market as soon as tomorrow, or even later tonight. I do not believe it is anything more than profit taking if a reversal starts in Asia

Some of the Asian markets already started their reversal today.

Looks like there may be a little negative pressure from Asia for tomorrows trading, nothing substantial, but should intensify by tomorrow night.

So maybe this pullback could start as soon as tomorrow, or at least a topping off.

seeya