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

To: ChrisJP who wrote (6537)	9/21/1998 8:46:00 AM
From: Zeev Hed	Respond to of 9980

Chris: The Turnips called for a "Sep/Oct" minimelt and it is progressing according to plan, including a break in the Nikkei after the third attempt to defend the Maginot line at 14,000 or so. The third one failed and now the banking stocks will continue and lead the Nikkei down. I thought the Nikkei will stop at 12,000 or so before Obushi finally steps back from the abyss. I also thought that the Yen would weaken again and go all the way to 156 yen/dollar and that does not seem to happen (yet), probably due to our own little "impeachment fiasco" at home. Someone "advanced" the idea that some "dark forces" are orchestrating the "impeachment scenario" to precipitate a market collapse so that they can step in and buy "America" on the the cheap, just as a few selected got to feed on the S&L RTIC fiasco. Zeev