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

To: chirodoc who wrote (1791)	3/19/1999 1:49:00 AM
From: borb	Read Replies (1) \| Respond to of 3902

Nikkei surges 4% as Dow's rise entices investors By Hiroko Nakata TOKYO, March 19 (Reuters) - The Tokyo stock market's benchmark Nikkei average surged on Friday, closing up more than four percent and more than wiping out Thursday's big falls. A strong showing on Wall Street enticed buyers to flock back to the Tokyo market, where hopes have been rising that Japan's economy may be finally set to recover. The Nikkei's strength also bolstered the yen against the dollar.

To: chirodoc who wrote (1791)	3/19/1999 10:51:00 AM
From: Professor Dotcomm	Read Replies (1) \| Respond to of 3902

The Japanese recovery in retrospect may well be pinpointed by historians as having coincided with the time when the DJIA started to share the same number of digits as the Nikkei 225. But the Japanese stock market (led by the gaijin) is anticipating 18 months to two years ahead for an economic turnround. Yes you may be right on the domestics having a little rally beforehand but if you compare some of their 12 month His & Los it couldn't have been much of a rally. With the surge last night the target of 16-17,000 is looking decidedly vulnerable! Dotcomm