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

To: James F. Hopkins who wrote (1738)	12/14/1998 3:53:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

James: OT With all the good writing I have seen coming from you as of late, you should be writing a column for some Financial something or other...<g> Regards, LG

To: James F. Hopkins who wrote (1738)	12/14/1998 4:01:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 99985

James, I understand your point of considering the currency implications on financial markets. However, Most of the money invested in the Japanese market is Japanese capital which is denominated in yen. If you refute the concept that a long standing support line can then act as resistance once it has been broken and unsuccessfully retested, Then what type of Technical Analysis are you doing? Individual and Institutional Investors who for 6 years found they could buy Japanese stocks at 14500-15000 may be starting to wonder if that strategy is still operative. Just a thought, John