MDA - Market Direction Analysis Message Board

STOCKTALK

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.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.00

+0.2%

Nov 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Moominoid who wrote (66077)	1/6/2001 10:39:17 AM
From: Crimson Ghost	Read Replies (5) of 99985

I still think we are in the process of forming a short/intermediate term bottom, But anyone who holds stocks beyond the next few montha on the assumption that the bull has returned will regret it. I expect the NAZ to drop well below 2000 later this year after a countertrend rally to 3000-3200. The magic 10,000 support number for the Dow also will melt like butter in the desert when the final leg of this bear gets underway The economic and financial distortions of the previous upcycle dwarf by far all others except perhaps the 1920s. The US runs a huge trade deficit that will limit the Fed's ability to slash rates as much as some hope. After an up cycle is strong as the last one, a recession is unavoidable. Only the precise timing and magnitude are in doubt.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next