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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (3184)	4/16/1998 10:37:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 9980

Mohan, it seems that the time table I suggested two weeks ago for the SEA malaise to grip the market again was not too much off. I said then that it may take two weeks after the heroic effort of the Japanese to hold the Nikkei above 16,000 for their "End of fiscal year". Well, yesterday we had a little melt down and today we are following through, with many of the SEA markets falling in line. I believe it is only a question of time before our markets will feel some of this malaise. Having said that, the turnips do not expect any big kahuna, just a healthy retreat to about 8250 to 8300 (still a painful awakening). Zeev