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For those interested in trading overseas follow through
using International type growth mutual funds:
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For today's close,...will remain overseas,..
moving to 100% into Tech heaviest funds.
At 11:30 am EST when Europe was closing,..
the US markets were: ....Dow DOWN -122,...
SP500 DOWN -7.89 and OTC Comp + 34.12.
Now at 3:30pm EST the Dow is +10, the
S&P500 +16.4,....and OTC comp is + 185 !!!,
a huge move above the 11:30 am "snapshot".
European techs and internets should want to
rally tomorrow as should same issues in Japan
and Asia when they open tonight.
Note the March Nikkei futures (NKH) are at 19645,...
a healthy +125 point premium above the
previous Nikkei cash close at 19519.55,...solid if not
compelling when you consider the importance that
US tech leadership plays to Nikkei's direction. With
today's huge tech gain in the US,...Techs in Japan
should do very well tonight,..led by Telecomm and internet,..etc.
Initially I had wanted to exit from long overseas positions,..
movig to money market at tonight's close,...but today's
rally,..in particular in OTC Comp mandates holding
EAFE for another day,...Maybe longer. The market
will dictate when an exit is prudent.
Regards,...JIM
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