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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Joseph G. who wrote (8892)	10/18/1998 10:48:00 PM
From: Moominoid	Read Replies (1) \| Respond to of 86076

your money is tied to Yen It was from July 97 to August 98. Since then it has underperformed the Yen. I can see the pattern now and will be looking into this and thinking about what it means including looking at ^AORD too. The problem with your theory is that all most of the events on the ^AORD chart correlate to events in the US at the same time. The trend is weaker on ^AORD (because of big dividend payouts and little reinvestment). I don't bother doing TA on the All Ordinaries Index. The only index I track is the SPX. That's predictive enough for turining points. I guess this makes as much sense as looking at the 1929 or 1987 charts and trying to predict the present. But looking for similar dynamics 1 year later is pushing it. David