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Hi
Thought long and hard before joining this thread -
torn between joining a stimulating discussion and
the possibility of a slang match -
"how can you possibly think that"
type discussion.
My view is we are standing at a momentous time
in the Earth's history - similar to the Renaissance, Industrial
Revolution, and the Technological Revolution. In each
of those eras, breakthroughs by man heralded a
spectacular improvement in mankind's quality
of life.
If the past eras are to be a guide, then the improvements
will be achieved inspite of and not because of our politicians,
especially over here in Australia.
I agree we are at a point when world's stock market
are likely to make a correction. I'll worry about the
extent when the charts indicate the correction is
underway; I also have a look at it towards end
July, early Aug when I the Presidential Cycle low
come in.
I guess I have the luxury of patience as I don't
trade the stock mkts but merely observe them for
interest.
I have replied to the questions below.
R Barros
101/25 Market Street
Sydney NSW 2000
Australia
Voice: 61 2 92673470
Fax: 61 2 92673478
E-Mail: rbarros@xxxxxxxxxxxxxxxxxx
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> From: John Stevenson <johnstev@xxxxxxxxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: MKT - The "Big Picture"
> Date: Thursday, June 11, 1998 7:05 AM
>
> I refer to the Jerry Favors analysis as stated last friday (5 June) on
> CNBC. I think I heard him say that the mkt needed a week of big volume,
and
> needed to set new highs above the mid-May intraday high of 9312 or else.
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