|
PureBytes Links
Trading Reference Links
|
I think that the US$ is the key to watch in the markets and the US$ looks
rather negative on my monthly, weekly and daily charts. The TBond currently
has an unusual negative correlation to the US$ - which frequently presages a
change in direction of the bond. A weak dollar will not be good for the bond
market. The Yen appears poised for a major upside breakout which is likely
to offset most of any correction in the Nikkei. US stocks very extended here
on both short term and long term basis, however I look for continued asset
shift into S&P this year after a short correction. Ru2000 has continued the
breakout I noted a week or so ago.
Earl
-----Original Message-----
From: swp <swp@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Sunday, January 03, 1999 6:01 PM
Subject: Re: Bert Dohmen Forecast
>Nikkei getting crushed early. Still could see a new high in Dow, and
>NYSE composite, but I see at least a 25% chance of a run back to the
>lows starting this month (rest of year should be good) and almost for
>sure a 500 point Dow drop real soon. Bonds above 128-29 would really get
>me thinking that and might suggest us on the way toward 132/133 there
>too.
>
>
>Steven W. Poser, President
>Poser Global Market Strategies Inc.
>http://www.poserglobal.com
>
>
>Email: swp@xxxxxxxxxxxxxxx
|