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Yes, I agree about the coming storm. But wait!!, Let's see if they can still
control the
Dow Jones Index specifically not S&P or Russell. As mentioned before Dow is easy
to manipulate need only to push the prices and specially the closing of just ten
big stocks,
not really much money to do it, but the timing is essential. If "they" (bulls?)
can't control
this one anymore then all hell will break loose, the dam finally crack.
Remember the "Dow Jones" specifically the one being fed to the public every
morning
on newspapers and TV.
Michael Paauwe wrote:
> A primary Bear market for US stocks started in late
> July and early August when the Transports and the
> Dow took out the June lows. The process began in
> early May 1998, as US market breadth began to
> seriously deteriorate in the smaller cap stocks.
>
> Many market mavens are still denying it. But the
> message has already dented consumer confidence and
> started to take hold on some selected mutual fund
> redemptions.
>
> A real bear market crisis will not be
> created in North America until either interest rates rise
> or mutual fund redemptions start in earnest.
> The best trade for someone holding a portfolio of
> good stocks was to short the secondary markets like the
> Russell 2000, although it has already dropped +-20%, because
> the spread generally widens between blue chips and secondaries
> during a market meltdown.
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