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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (1041)	7/13/1998 9:28:00 PM
From: Thean	Read Replies (1) \| Respond to of 14427

LT - I would not place too much emphasis on Japan. Regardless of how its next government handle its economy, regardless of whether the economy there has bottomed or not, the issue remains that a sharp turnaround is nowhere near Japan or any country in Asia. Should the US tumbles due to unsustainable growth, the safe heaven currency will be the Euro. The market truly believes Europe is where the US was two years ago. The money flow will go there, not Japan. In this market the winners are those who just follow the market. Rationale is secondary. If a Black Monday arrives next week, everybody, big name, small name and no name, will equally tumble. The difference is the big name has liquidity and the no name won't so one is stuck and unable to get out! The main lesson I learned these past weeks is to stay focus and not lose sight of the mo-mo nature of the market. Right now my strategy is to preserve capital. I'm not chasing the techs nor shorting them here. I'll short them when everyone decides to. All I need is a scenario like we had we MU 2 months ago. And this is developing and I'm waiting on the sideline ready to jump on board when the tide turns. I will play the drillers technical bounce. If the drillers get a bounce tomorrow, it would be a good opportunity to play FGII and DO for 1-2 days. One should be able to tell by the way they open.