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

To: Moominoid who wrote (1777)	12/14/1998 8:42:00 PM
From: John Pitera	Respond to of 99985

David, Thanks for that vote of support, I understand where James was coming from, because here or on BK he pointed out that Since the $/Yen level went from 147.70 on 10/8/98 to its current 115-120 zone, the US market as viewed by a Japanese investor is down 20% from the July 17th level, as measured in Yen. Thus they might be more nervous about the Dow than a US Investor. I do want to reiterate, that a reasonable case that the Japanese stock market may be in big trouble from a technical viewpoint. Asia Pacific is not out of the woods by any means, and since we live in this fabulous global economy, their problems can become out problems. PS I sent an email to Jim Cramer on Oct 23th of 1997 and pointed out that the Hong Kong market had broken down out of its uptrend and his response to me was " Yeh its great for my Bond position" Cramer was seemingly unconcerned about the chance of collateral damage to his stock portfolio. Of course he is a bit of a laugh- riot as is. Passing observations, John