SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (4193)12/31/2003 4:55:57 AM
From: westpacific  Read Replies (3) | Respond to of 110194
 
Did everyone see the Zoran comments.......

He is saying if we see DOW 12000 that this is the true wave 5 and the BEAR MARKET never began that we are still completing the BULL phase from 1982!

He is saying that the FED SCAM liquidity game is running dry and that the dollar collapse is making Americans poorer. That this FED game of borrowings and asset inflation is about to run out.

He has no doubt markets are now manipulated, that political economic success is a measure of the market.

He is saying that the finishing diagonal we has on the SPX was as good as they get and it produced only a minor down result.

FYI he feels 10750 marks the top of the move, so if this is taken out expect a new DOW high. IF it is true the bear never began, god help us all for when it does begin the earlier falls will look like a walk in the park compared to what is to come!

----one other technical man I follow thinks SPX 1100ish marks the wave D top and that the SPX will see 600 in 2004. The 1100 targets represents a 100% retrace off the Wave A down from the top.



To: russwinter who wrote (4193)12/31/2003 9:35:46 AM
From: ild  Read Replies (1) | Respond to of 110194
 
The Mortgage Bankers purchase index fell sharply in the week ended December 26, at 390.1 vs. 411.6 in the prior week and confirming a tail-spin in housing demand at year-end. The refinancing index also fell sharply in the week, down 14 percent to 1,644.3. The data are near their lows for the year, consistent with Tuesday's surprisingly weak existing home sales report.