|
PureBytes Links
Trading Reference Links
|
Jerry,
Thanks for the input. I think we can all learn by sharing our ideas
and the reasons behind them.
Jim
-----Original Message-----
From: Greatelto@xxxxxxx <Greatelto@xxxxxxx>
To: metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
Cc: JimGinVA@xxxxxxx <JimGinVA@xxxxxxx>
Date: Sunday, October 19, 1997 8:01 PM
Subject: Increasing Volume - Decreasing Prices
>Jim Greening asked for opinions on the market. The only thing worse than
and
>more difficult than trying to predict interest rates is trying to predict
the
>stock market.
>
>I'll go out on a limb. Any pullback should be moderate. The background
news
>is not the greatest but, really, the market has handled it fairly well.
> Using the DJIA, 7600 is the key. If it breaks below that then you are
>looking at maybe 6900.
>
>I think the press screaming about the 1987 crash is part of the problem at
>the moment. Very few writers are telling the investing public that the two
>eras are like apples and oranges....completely different. The main factor
in
>any pullback will be "emotions vs common sense." If emotion wins out, then
>the market has a problem.
>
>Sooooo....my prediction, a moderate pullback maybe to 6900-7000 and then
most
>likely new highs by then end of the year or early next year.
>
>Jerry
>
|