Another Fake Rally for the Dow.
Canada, Asian Markets, European Markets, and Latin America are all crashing down like you have never seen before and the Dow Jones went up 31 points. Everyone knows the dow had a fake rally today, all you have to do is count the number of ZIG ZAG on the dow's daily chart. Wall Street needs to gather more Abby-J to keep this lame market going. I remembered in the good old days, a BULL MARKET will rally for at least 4 days before a profit taking kicks in. Nobody will sell their stocks knowing the price will go higher next week. Well, those were the good old days, now people just cash out the next day. The Dow Jones is like a ticking time bomb, you just don't know when the bomb is going to explode. This bull market is a fake, it gone up so high because of scams, hype, and manipulation. What makes me sick is all the ridiculous recommendation. Hundreds of B.S Buy Recommendation from brokerage firms, one day is a Buy to a Strong Buy & then next week is a downgrade from a strong buy to a buy. Then changes their mind again from a buy to a hold.
Nasdaq up 41 points is meaningless. I always look at the Nasdaq Exchange as a big Casino, you made money one day and then you lose it all the next day. There's only a few stocks that you can relied on like Intel, Dell, Microsoft, and Cisco. The big 4 had already gone up so much this year, these stocks determines where nasdaq is going to end up by the end of the day. Dell is too high, Intel is near the peak level, Microsoft and Cisco is too pricey. Who's going to move Nasdaq, when these 4 takes a dive.
The best thing to do is keep cash and buy gold stock.
Gold is the only precious metals that hasn't gone up yet.
Jan/97 PALLADIUM is about $125.00us/ounce...today $290us..high$400
Jan/98 PLATINUM is about $348.00us/ounce....today $381us..high$435
BUY GOLD!!!
All the Asian Markets is struggling again, the European will most likely follow the dying pack. |
