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

To: Robert Douglas who wrote (6136)	9/3/1998 4:19:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 9980

No Robert, to change my forecast I'll have to see the CRB above 208 or so (the real prior support this year which should serve as a strong resistance on the way up). I have not followed the market today, but I see that gold and oil are strong, I presume after a greater than 15% decline (from the recovery of 320 to the low around 275) a counter trend sharp rally should not change the trend. I think this is all that it is. The basic tenet of a weak and maybe still weakening demand for oil and commodities is still in place. Show me the second largest economy back on a growth path, and I'll show you a change in te deflationary trend. Zeev