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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (44849)	6/11/2008 12:34:43 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69795

Predicting the Next Market Turning Point Posted Jun 10, 2008 04:10pm EDT by Andy Kessler in Investing, Recession Related: leh, aapl, rimm, goog, ^IXIC Every market has its proxy. During 1997 and 1998, I watched the Asian markets overnight to gauge how Wall Street was going to fare. Later, Amazon.com was my guidepost. These days, amid the mortgage fallout, I use a different proxy: the ABX derivatives index. While it may overstate the subprime bond losses, I stand by it as an overall market indicator. Even with Lehman's news Monday, ABX suggests more trouble ahead. After that passes, though, I think we could see a big rally in tech, which is doing fine, but waiting for investors to finally put the fear of a financial meltdown behind them. finance.yahoo.com