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Correction Nov PH at 15300
----- Original Message -----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Sent: Saturday, May 08, 1999 9:55 AM
Subject: MKT Nikkei
> The Nikkei's second impulse wave has reached a 162% expansion of the first
> wave and closed above the July 98 pivot high (PH preceding the final
> decline) which provides initial confirmation that a rally of major
> significance is underway. This level should provide some important
> resistance. A correction to the 15600 area (holding above the Nov PH at
> 17000would not be unreasonable before a third impulse wave takes the
Nikkei
> higher, perhaps to the 20,000. Asian investors should monitor Yen/Dollar
for
> signs of serious deterioration, especially considering the rising interest
> rates in the US.
>
> Earl
>
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