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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: fut_trade who wrote (1785)3/18/1999 1:29:00 AM
From: borb  Read Replies (1) | Respond to of 3902
 
TOKYO, March 18 (Reuters) - Tokyo's benchmark Nikkei
average slid over two percent in afternoon trade on Thursday, as
its recent winning run induced profit-taking. The market was also
hurt by futures-related sales, traders said.

Traders said futures prices had remained lower than the Nikkei 225 average in recent sessions amid
caution over further gains in the stock market. This helped pull down the key stock average, they
said.

At 0552 GMT, the Nikkei 225 average was down 473.79 points or 2.91 percent at 15,794.32.
June Nikkei futures had lost 380 points to trade at 15,780.



To: fut_trade who wrote (1785)3/18/1999 9:16:00 AM
From: chirodoc  Respond to of 3902
 
nikkei down--profit taking--worries about end of fiscal year window dressing. i will be buying if i can hit the bottom of the sell off--add to my positions in mbk and sne. watching canny, ntt and hmc.

this to me is the bottom especially if they pass the tax cuts in april.

curtis


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