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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?


To: goldsnow who wrote (6478)8/4/1998 8:34:00 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 10921
 
US officials were careful on intervention prospects today... they said exactly the right thing... they said Japan needs to begin policy changes and implement them... yen is HUGE vulnerable now with US markets in downturn... no way in hell will Rubin weaken dollar now... to intervene now would cause a veritable panic on Wall Street

minor dollar profitaking after nice run last several days... likely no more than 3/8 pullback... then...

UNLEASH THE DEVIL DOGS, $/yen 150 is but days away... amazing how conditioning is so important... in May 150 was incredibly damaging to exporting US firms... now it will be 155-160 for such beliefs... forex must beat old highs on dollar to get attention each time

BIG BIG pressure now on Japan leaders to act, which is what they dont know how to do... expect HALF ASS MOVES

/ Jim Willie