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This came in late last night. Thought you all might find it interesting.
Harley Meyer
----- Forwarded Message Starts Here -----
From: Al Witko
Date: Wed, 22 Oct 1997 08:42:34 -0400
To: RealTraders Discussion Group
Subject: Re: MKT - Hang Seng Data
Jeff
It looks like we are seeing a MAJOR divergence btw the Dow and Hang Seng
Indexes In addition the 30 bond market is not (as of yesterday) confirming
the dow move I believe what we have here in the us is a bull trap .
My indicators now look overbought and I expect thes divergences to
correct themselves possible Thursday . Band indicators for the dow are
showing a top at about 8120 then a drop to thw 7900 level
I wont be on line for a few days Im going to Disneyland(im actually not
kidding here) for a conference for/with my wife
have a nice weekend
my $0.0002
al
At 06:20 PM 10/22/97 +0800, you wrote:
>Greetings Al & Traders:
>
>Hang Seng Index:
>10/22 12240.00 12412.40 11637.79 11637.79 -765
>
>Hang Seng Futures:
>10/22 12230 12970 11660 11700 -630
>
>Have a good one
>Jeff Harteam
>Hong Kong
>
>
----- Forwarded Message Ends Here -----
Harley Meyer
meyer093@xxxxxxxxxx
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