Thanks Chip, posting these are good reference points for me to come back and look at.
I will do some bond market analysis this weekend and give a bit more thought to some of the time cycles.
Everything pointed out by all of us suggests that these next few days and weeks are important for the next few months and our view of the markets.
I agree with you either the NASD breaks down and heads toward it's 200 dma and we see a 1998 type decline or we bottom out in the SPX and DJIA and have another leg up.
there is room for the drugs, insurance stocks, retailers, to put in a very nice rally.
look at JNJ, MRK, SGP, ALL, AIG, WFC, S, JCP, WMT, GPS, FNM etc for things that could rally when the selling ends. They have all been in bear markets.
do we see the big spring washout? stay tuned -g-
John |
