Clearly, your and Don Hays analysis are correct.
Both fundamentally, and technically we are in a bear market for Dow S$P and that Nasty Nasdaq.
Dow will test that March low and fail, this will confirm the bearmarket and will convince many.
Nasdaq, again down -100 points in this early hours, will test that 3,000 and fail, this will confirm this bear market, and will convince many.
S$P500.......same thing.
OEX, S$P100, same thing.
There are still many who have the poorest sight or no sight in the market direction in the market place.
These group are the prey or victims in this mordern web.com world.
Gold, is in a long term bull market as we are entering this long cycle INFLATION cycle.
XAU textbook style follows my forescast of Saturday, and Sunday.
It went down rapidly, and it will shoot it up in no time.
John Paquet |
