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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (20697)	6/18/1998 10:30:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Jim, But what do you think of BRKA... it seems to be like the Energizer bunny... Bill

To: James F. Hopkins who wrote (20697)	6/18/1998 10:45:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 94695

<< The Bulls and Bears are watching one another like Hawks. <G> It want's to go up short term, but it's scared. >> You hit it on the head there. My charts show the indexes wanting to climb despite the lousy internals. Who will win? This seems to be emerging into the classic battle of FA vs TA. Chart the NYSE and things seem like they are trying to get better yet over 140 new lows and only 44 new highs today and most other recent day's. The NASDAQ is still trending down so maybe it will bounce to trigger the rally. But if the indexes aren't showing the lousy internals, if a run does come, will the indexes make it look bigger than it really is. The "experts" (term used loosely) stated at the beginning of this year, it would be the hardest year to trade in the last 20. Maybe this is the time frame they foresaw. <g>

To: James F. Hopkins who wrote (20697)	6/19/1998 2:08:00 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 94695

OK James .. you're from Brazoria so I'll give you some more .. A part of our market consists of foreign investment. The single largest block of savings on the planet is the Japanese individual investor. When the value of the yen goes up (you get fewer for the dollar) our market looks progressively weaker. Yesterday Rubin moved in and pumped up the yen .. lets back up a moment .. You mentioned the fast movement in the bond (up) and you probably have heard that the yen has fallen. Did you know that the Japanese held very large portions of our bond market .. stocks also, for that matter. Every time the yen dips in value, these folks start to rush for more bonds.... Now back to Rubin .. so the value of the yen went back up that day .. lo and behold the value of the bond dropped .. that night all of Asia had a very good positive day for their markets .. But .. what happened?? Europe went down .. US went down .. why? If the governments are going to make sure that Japan is going to do OK then the Asians feel free to bring their chips back home.. OK the yen dropped today on wall street .. yep .. some folks figure that if it jumps up, short it .. but then the most interesting thing happened.. Tonight the yen went back up .. that tells me that the Japanese traders believe the yen is on its way back up .. so then .. Fill in the blank :o) When foreign investors feel uncomfortable with the US market it goes _____________. from a looser Gersh