Its not SEA, its EA, and possible all A. (India, Russia wobble.)
Yes, the appearance of the Koreans or Japanese addressing their problems will cause markets to strongly rally. Then the fact that its gonna take a long time, and they are gonna try to backslide, backslide, and then get pulled up short by markets will cause more sharp declines.
I think we're likely into some sharp yo yos for some time. Only way not I think would be for things to get really violently bad now. Then we might move pretty steadily up. No, even then we'd move that much more sharply back up when smoke cleared....and down again when problems, impact on us persisted, increased.
We're gonna occillate for a while. I'm convincing myself to trade.
Lets put it this way. If every time the techs had strong rallied for a few days we sold them, and every time they had strongly declined for several days, as in by late Friday, we bought them, we would be way ahead. I'm not positing hitting the high dead on or the bottom dead on. Could be off by days and come out way ahead.
Thats why I bought back Qcom on Friday at 50.5. Although only half my prior position. Gonna be reading int'l tea leaves next week for sure.
Doug |
