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

To: Defrocked who wrote (5262)	7/23/1998 9:03:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 9980

Defrocked, this situation and the soon to be recognized fact that Japan has not made a great enough effort to "promote consumption" at home, are some of the reasons that i believe we here are going to get a tough down turn (and this week was not the beginning IMHO) later this summer early Autumn, with a minimelt probably as is now traditional, in October. The won has gone much too high, and both the Korean and Japanese markets, are at the end of their "DCB", I expect new lows in both markets before we start and hit the skids here at home. Yet, I do not see yet a bear market (unless a drop from about 9400/9500 to about 8250/8350 is a bear market) however. Reason, liquidity. Zeev Zeev