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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: sea_biscuit who wrote (539634)2/12/2004 9:14:13 PM
From: goldworldnet  Respond to of 769667
 
It's a little more fundamentally sound, but there seems to be the tendency to milk the cow at shorter and shorter intervals. We had 1929, 1987, and the 90's bubble. The US has the best market in the world, but it needs to be a lot better.

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To: sea_biscuit who wrote (539634)2/12/2004 9:31:14 PM
From: George Coyne  Read Replies (1) | Respond to of 769667
 
Feb. 11, 2003 prognostication from his dipiness

Message 18565572

See the S&P go through the 839 resistance level and was unable to stay there? We will re-test the 770 levels sometime this year. If the re-test happens before April, we might make a small rally to 850 or thereabouts.
Once that rally (probably caused by the start of the war) fails, the next re-test will fail and we will go straight down. Most technicians say that there's no support until 650, so that's where we might end up by October this year, and finish the year with a rally to 700 i.e. a loss of about 20% for the year.