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

To: Simon who wrote (13567)	1/29/1998 3:57:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 18056

ZEEV: One reason for recent market strength could be that traders are remebering how the market started to skyrocket when the U.S. attacked Iraq in 1991. Perhaps some are (mistakenly in my judgement) looking for a repeat performance if Bill unleashes the bombers.

To: Simon who wrote (13567)	1/29/1998 4:10:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 18056

That blushing turenip was, as I mentioned on the thread a sudden drop well below 1 of the daily Bull to Bear ratio on SI. I find this indicator pretty good for some turning points, but it come from nowhere and held barely for a day before the BTB soared again. That is one reason I did not heed to it. Of course, the rest ot the Turnips were still pointing to a max of 7850 and they missed this one by a good 150 Dow points, and who knows, this bull may not be gorged yet. I think, however that once the flow of facts from the rim will resume come Sunday night, we will see that this lull took out of the calendar some valuable time in which tsome of the problems could be "rescheduled". Japan surely seems to have hit a brick wall at 17,000 and I think it may turn down tonight. The NAZ is not acting half as well as the S&P and if you look at companies like AMAT and VECO, they are already turning back down (LRCX will probably breach 20 next week). Zeev