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val, sounds as good as anything presented so far. don't like the "d"
word much, though.
i'd prefer a correction to at least s&p 740. why? cut span back,
more traders flock to s&p, and then we have greater liquidty. plus
we're still above the long term trendline, which is positive for s&p
trading. in bear markets, liquidty dries up because noone wants to
play.
now if they would only cut the tick size back to 0.05. wishful
thinking?
TJ
i'd rather be tradin
---Val Clancy wrote:
Summary:
The analysis tell that we are either in healthy Correction or
slipping into Depression and not in Bear Market.
Depression: there is only one point that keeps us away from it -
collapsing economy. Emerging Markets economies are collapsing. Western
economies are OK. If we have a collapse of the American economy that
will put us right into the depression. Otherwise we are correcting at
the moment.
If the US economy holds up through the end of 1998 and there is no
panic selling we are OK. If the US economy starts collapsing - we are
dead meat.
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