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To: JRH who wrote (15720)8/4/1998 9:52:00 PM
From: Jeffrey Chan  Read Replies (1) | Respond to of 77400
 
The asia market looks bad now. The Japan market is down over 1%. Currently, the Sep98 S&P 500 contract and Nasdaq 100 contract is down 4 pts and 2 pts respectively. It does not bode well for tomorrow. I think tomorrow is a key session. For the past 2 1/2 years, if the market went down like today, the following day was always a strong rebound. If this scenerio fails tomorrow, I agree that we're heading for 7500 soon. Comments?