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Mike:
Yes there is a strong coorelation. However, there are times when a
foreign market will go its own way. Many think, and it's true, that the
US market leads the other world markets. But again, there are times
when this is not the case. At those times it is difficult to establish
whether our markets are leading OR are being led by the overseas
markets. For example there will be days when the US market is
strong but the overseas markets will not participate. There are days
where the trends begin in the foreign markets. It's a matter of watching
and using judgment as to how the rubber band relationship
will play out.
Charles
-----Original Message-----
From: Canyon678@xxxxxxx <Canyon678@xxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Wednesday, September 29, 1999 8:06 AM
Subject: Foreign mrkets down
>There seems to be a strong corelation between foreign & US markets. They
seem
>to go up/down in unison.
>Today, most of the asian & european markets are down.
>Did anyone check this in detail.
>Mike
>
>Symbol Name Last Trade
> Change
>NZ40 NZ TOP 40 CAP 12:13AM 2015.71 +0.67 +0.03%
>AORD ALL ORDINARIES 3:31AM 2897.8 -22.8 -0.78%
>HSI HANG SENG INDEX 4:00AM 12834.89 -10.04 -0.08%
>N225 NIKKEI 225 INDEX 2:05AM 17282.28 -43.42 -0.25%
>STI STRAITS TIME IDX 5:01AM 2017.57 -6.87 -0.34%
>GDAX N/A 0.00
> 0.00 0.00%
>FTSE FTSE 100 INDEX 8:58AM 5981.7 -25.5 -0.42%
>FCHI CAC 40 INDEX 8:58AM 4515.54 -28.38 -0.62%
>SSMI SWISS MARKET IND 8:58AM 6851.3 -66.1
>
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