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

To: borb who wrote (1878)	5/11/1999 9:58:00 AM
From: Professor Dotcomm	Respond to of 3902

This has been a good discussion to follow. Japanese internationals depend on a strong US market. Perhaps the key as to whether 17K is a floor or a ceiling will be the behavior over the next 3 months of the domestic stocks (retail trade, consumer finance, civil engineering & real estate etc) These are the stocks that really got savaged over the last five years or so. If their recovery strengthens - it is still weaker than the internationals - watch out, the index will fly past 20K and would run independently of the DJIA. (IMHO)

To: borb who wrote (1878)	5/13/1999 12:53:00 AM
From: Step1	Read Replies (1) \| Respond to of 3902

Borb saw your message a while back but have been busy. Since you say floor, I suppose you do some TA. Past support would be at 12,000. The thing with support areas is that they are not cast in stone, so you can call them support as long as they hold... To be really honest, I don't have the sligthest idea how far it could go (up or down) and anybody who says they do is getting his/her info from a superior form of intelligence (read of the ET type) . I think the market can only be spoken of in terms of probabilities, and as I had posted before , medium term the odds are negative , all IMHO that is (which I base on the short term correlation with the DOW) Later, the Nikkei and the DOW will most likely go their own separate ways I supppose, but for now this is what I based my bets on. Yours Sincerely, Stephan Gilbert