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

To: HML04 who wrote (5474)	8/12/1998 10:19:00 PM
From: Bosco	Respond to of 9980

HML04, thanks for the explanation. Well, actually, mine was a sloppy observation [well, twice tonite already, I am on a roll <VBG>] The day I looked at the WEBS was the day HK hit a 4 year low. However, since the WEBS didn't make it to even an one year low, I made the conclusion that the two don't correspond. Not knowing other countries, I can only make some circumstantial arguments against buying large # of stocks by the brushels <G> with respect to the HK market. It is ladden with property tie-in stocks and with its RE market still in the tailspin, I think selectivity is the key. For example, while I did not track HKT in the last 2 days, it was above its one year support level when HK clang to the 7,000 level. best, Bosco