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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Moominoid who wrote (7160)8/15/2001 8:00:56 AM
From: tradermike_1999  Respond to of 74559
 

USD1.05 I think in 1985.
Right now dollar is down and stock futures up. I think there will be a bit of cognitive dissonance before the beginning of the end scenario tradermike is talking about will start.

David


Well may be that the beginning of the end happened in May at the last market top. So guess it took 3 months to recognize it. 8-)

But the charts look very sick to me. I see the Nasdaq as having support at 1930 and believe that a close below that will spark a sudden drop. The only thing that can keep the market up is excitement into next week's fed meeting. And time is running out for that.