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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (77504)11/13/2007 9:31:51 PM
From: Real Man  Read Replies (2) of 94695
 
If the dollar keeps falling 1% per week like it has been, then
SP500 needs to go up more than 60 points every month just
stay at the same price and not to be in a bear market. That
would be a treadmill. If SP500 gets to 1600 by January,
we are on a treadmill. SP now needs to go to
1700 now to exceed July high. That is, if the dollar does not
drop more. What a backwards logic -ggg- SP is now down
significantly for the year by this logic. It had to rise more
than 13% this year to stay on the treadmill. It rose 6%, 3%
of it today. In reality, it is off the treadmill by 7%. We
are in a bear market. -g-
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