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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: solojamer who wrote (36541)12/6/2008 11:04:04 AM
From: SwampDogg  Read Replies (3) | Respond to of 206796
 
If one believes in $10 oil than one must believe in a strong buck which will tank the whole market. Lower oil prices mean $DOW 3000-5000 IMO. It may happen in 2010-11 but not in early 2009. DOW 11000-12000 and $70 oil looks likely in the next 6 months. That is just normal TA expectations and with a trillion stimulus coming in the next 2 months the FA backs it up.