donald,
i know i asked this already, but how do i graph the last 1-10 years of asian and european markets. i have been having a lot of problems reading posts on a couple threads and was and still am unable to read your reply to my original request for info. would specifially like
japan,taiwan,indonesia,england, france and germany. thanks.
no 9000 party yet. i am sick of hearing about it on cnbc and just want to get it over with so we can start going down to where the market belongs. i should say beshorts, because that how to make money for the next bunch of months. i know ive thrown out some pretty wild targets for the dow, but we are extremely overvalued and will have a major correction starting no later than the next three months. im thinking much sooner than that though. i wouldnt be surprised if we see down 55500-6100 again in 98/99. just think, cnbc could have anohter 6000,7000,8000 and 9000 party. that is if we get there SOON!
when it finally starts, i think we will have a big down week taking off 10%. the buy on dip crowd rushes in and brings us at least halfway back up and then the sellers win out and we go lower. this time people less inclined to invest and bounce isn't as big. then we will have a more steady downtrend. i dont think its unreasonable for this to last 12 months.
as for a catalyst it certainly wont be interest rates. it wont be rising oil prices as they are at a peak for at least a year now. i think it will be asia. we might have had the asian flu in the fall. well, this time it will be more like asian epidemic. it will wipe out a lot of people and possibly bankrupt whole countries. we may be headed into a worldwide recession that will last years.
of course i could just be wrong. all IMHO of course.
js |
