Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (94909)	3/3/2009 11:07:23 AM
From: westpacific	1 Recommendation Respond to of 116555

Nikkei flagging a warning... Get this... Japan broke a key trend channel about six months ago and fell over 4000 points in that time period to rest at key 7000 support today. In 1991 this index traded at 25,000 INDU, today we are testing the same technical that the Nikkei broke six months ago, and then fell 4000 points. It is the trend channel off of 1989/1991 lows, and if it goes this market will fall like a rock for months. And fall with almost no rallies! Bottom will be 5 months out, maybe 6 at the near the same sort of drop. 3500 into 4000. Also this same technical: England FTSE has already broken it (England is about ready to outright collapse). France CAC is within a few points of doing it and so is Germany DAX. Careful what you own here. If this market cannot hold here at 6790 then game over. Remember, soon there will be no buyers to buy what you want to sell....and stocks will just keep sinking till they offer insane value and someone (with cash) is willing to step up. And I stand by my war call for 2010, there will be no other options. It will be a fight of the dollar to destroy the euro. West