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Strategies & Market Trends : The Millennium Crash
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To: Arik T.G. who wrote (5626)9/30/2003 12:44:19 PM
From: Logain Ablar  Read Replies (1) of 5676
 
Hi Arik:

My opinion (not on TA) is with all the liquidity in the market from tax cuts, government spending and the FED is providing plenty of fuel to propel this cycical bull into next year (of course the imbalances this is creating will need to be paid for too).

For now I'd say we rally to the elections (after this correction) but actually its when the market anticipates the coming consumer recession (so it can be earlier or later than next Nov but thats my target for now).

Then we start are way to new lows in the secular bear.

As for this correction I think we can make it back to 1640 area on naz and 900 on the snp.

Time will tell.
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