SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SliderOnTheBlack who wrote (80396)11/30/2000 2:30:22 PM
From: Crimson Ghost  Read Replies (1) of 95453
 
I do think the NAZ is nearing A bottom, but not THE final bottom. The NAZ 10 day arms index -- one of the most reliable undicators of market bottoms -- is now higher than than at the 1998 trough and near the 1.30 reading that almost always signals at least a decent bounce and often a major move.

But hey why pick on the NAZ! The OSX has done even worse than the NAZ of late. The markets are scared about a possible global recession next year and anything that might suffer from such an event is being marked down heavily. The markets will start to rebound when the Fed signals it is ready to ease -- but may tank again if Fed ease fails to arrest sliding economies as has been the case in Japan.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News