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

To: Zeev Hed who wrote (6757)	9/27/1998 6:57:00 AM
From: TATRADER	Respond to of 9980

Zeev, for sometime now, I have been trading oil stocks and gold stocks.....Reason being is the technicals on the charts...In fact very soon, I will only be trading gold stocks...Here is why... Four of the major indexes are displaying Head and Shoulder Tops.... AMEX----Head and Shoulder top with neckline at 660 NASDAQ---Head and Shoulder top with neckline at 1075.00 DOW---Head and Shoulder top with neckline at 8400 Russell 2000---Head and Shoulder Top with neckline at 420 We may get a short-term burst toward the necklines of these indexes with an interest rate cut...But the overall picture is very bearish.. The world economomies eventually will drag us into the mud.... Lack of trust in currencies worldwide and the weakening of the dollar will create a huge bull market in gold....You all know the slogan of buy low, sell high...Well gold has been in a bear market for years.... Buying precious metal stocks when gold is below 300.00 an ounce is very smart,imho....Right now we have a short-term correction in gold...If the index comes back to the 68-72.50 area, I will be loading up the truck in my portfolio with gold stocks again.... I know recessions are bearish on gold, but a world financial crisis will outweigh this negative.... Regards, Mark

To: Zeev Hed who wrote (6757)	9/30/1998 6:50:00 PM
From: Lee	Respond to of 9980

Zeev, "I think that the main trigger would be the Nikkei falling apart and with it many other markets in Asia. In coincidence with that event, I believe that we are going to get a torrent of "pre-announcements" in the first two weeks of October as company get a first insight to their end of quarter revenues." We saw both today. Regards, Lee

To: Zeev Hed who wrote (6757)	10/1/1998 10:11:00 AM
From: Sam	Read Replies (1) \| Respond to of 9980

Zeev and all, A few nights ago, I heard on NBR a bond fund manager say that he was long the 30 year bond until it hit 5.20% or so, sold his position, and has watched in fascinated amazement as it has just gone lower and lower. A few months ago, we were speculating on this thread about Japanese money flowing to the US after their "Big Bang". I am guessing that the 30 year bond is below 5% now--and dropping incredibly rapidly even as I write--due to some of that money. The 5% yield must look awfuly good to some of their pension fund managers who had guaranteed 4-5% GICs a few years ago, and can't possibly come up with the money from Japanese bonds. Anyone have any predictions about how low the 30 year can go?