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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: BubbaFred who wrote (1296)12/11/1998 5:39:00 AM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
Otherwise, they will devalue. Can you imagine the repercussions of yuan devaluation? That would be gargantuan impact.

The 94 devaluation gave China a tremendous competitive edge, which has now been completely erased with the competitive currency devaluations in Asia.

China is now lurching into a recession and that shoe could very well drop, especially when all the demand dries up after the shopping season ends.

Since I'm still counting on the Superbowl indicator, I believe we have twenty shopping days to get back to 7400 -g-

bb