Why the markets will continue higher... Message Board

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Strategies & Market Trends : Why the markets will continue higher...

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To: GROUND ZERO™ who wrote (723)	9/9/1998 2:22:00 PM
From: Chip McVickar	Read Replies (1) of 745

Hmmmm Well the markets have corrected about 25% from 9367, which is substantial. That in itself is positve. Seems like the bad news is all out....but international financial market concerns are still unresolved....deflationary pressures need to be watched and Japan has still not resolved its banking complications. The markets may stay in a 1000pt range for some time around 7800, but if international monetary problems remain quiet and the economy stays stronge, I would certainly agree with you. USA and the world should continue the prosperity that was begun in the 80's. But I am not ready to purchase anything and will wait a few more months....still maintaining some defensive far out shorts. Unfortunately, I believe there may still be a few more surprizes and shoals to navigate. Chip

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