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To: JHR who wrote (5189)	11/8/1998 12:31:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 14427

NKE ran up to its uptrend line and bounced off on big vol. Time to go down IMO. DAL could fall apart at any time. no change, IMO. You get corrective moves in bulls, and corrective moves in bears. As the bulls like to say.... the fundamentals are still intact.... for the BEAR!!! BTW-- Thread: I'm fairly certain that Japan will make the spike bottom that I have been talking about (for the last couple weeks I have been waivering that it may have bottomed). Downside isn't quite over yet in that mkt, IMO. We still have to see the panic that Japan's banking system is going to go under.. haven't seen that fear yet. Of course, I ain't no Barton Biggs. If I recall correctly... he has been notoriously early on his mkt calls. I'm betting he was a month or two too early in Japan. This doesn't mean IMO, that anyone should sell their ADRs. Downside is limited, plus... maybe Barton is right?