Financialsense (FSO) - Jim Puplava forum Message Board

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Strategies & Market Trends : Financialsense (FSO) - Jim Puplava forum

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To: the navigator who wrote (96)	1/21/2008 9:44:10 AM
From: sea_biscuit	Read Replies (2) of 125

During the 1st hour, Robert McHugh's comments were significant from what it didn't contain. There was very little technical analysis in that segment. McHugh was implying that we are at the verge of a "waterfall" drop in the markets i.e. a crash, and technical indicators are pretty much useless during such times. That was very noteworthy. McHugh's comments were more about the need for the Fed to act quickly and cutting rates, fiscal stimuli by the govt etc.

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