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

To: JBTFD who wrote (5175)	7/12/1998 4:17:00 PM
From: Logos	Read Replies (2) \| Respond to of 9980

RE <<What % drop from Fridays's close would constitute a big dip to you? What level will you buy in at?>> It partly depends on the environment. I'm assuming US markets will be down at least 2% monday morning, though they may rebound. If the bridge bank plan is threatened, then next week will be very bad in general since it would mean Japan's recovery is being pushed back. We could see a low of about 5% below Friday's close. I don't think this is a bear market or a something to last more than a week or two. I assume Hashimoto will step aside and someone with a bit more daring will be brought in. Desperation is the mother of necessity and the grandmother of innovation and when it really hits, I'm sure even Japanese politicians can get of the hind ends. Logos