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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (22296)	1/3/1999 8:19:00 PM
From: oexplayer	Read Replies (2) \| Respond to of 50167

James: How are you? Have to concur with your views on the market! Do you recall seeing a day like Thursday with the net advancers on the composite was so strong? Despite what the pundits said, I thought volume that day was very impressive, especially on Nasdaq! I've been following RUT closely for several months now, and agree that it is a good place to trade from right now. Thinking we might see a retest of the ascending triangle, which should prove to be a great place to initiate or add too positions. Thought I'd add one more chart too go along with your NH/NL chart, to confer the move we may see over the next few months! decisionpoint.com Regards, Kevin

To: James Strauss who wrote (22296)	1/3/1999 9:58:00 PM
From: J.T.	Read Replies (1) \| Respond to of 50167

James, Yen is soaring against the dollar and this is bad for Nikkei. Nikkei in shortened sesion stands at 13,415 down 400+. This is not good. Japan is now poised to go test waters at or below 13,000 shortly. WE HAVE NOT HAD 2 CLOSES IN A ROW BELOW 13,000 SINCE 1985 OR '86. Technical breakdown of Japan markets will have serious psychological repercussions for global markets. NIKKEI MUST HOLD 13,000 FOR U.S. MARKETS TO SUSTAIN ADVANCES. FAILURE TO DO SO AND ALL BETS FOR ADDITIONAL HIGHS ON DOW< NDX< COMP< SPX ARE OFF.....JT