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Warning: Philosophical rambling - delete if you're not interested
Gwenn,
reading this post set me thinking about a quote i read recently. "never
before in the history of man has there been so much uniformity of
demand"...what this means is that whether you live in th US, Europe, Asia,
Africa or anywhere else on this planet every urban kid wants Coke, Nike,
McDonalds, a Sony Play station, a Ferrari...you get the message...
We have developed the Internet to such an extent that the most impoverished
countries in Africa all have Internet Cafe's...a natural result of this is
the mass marketing of global companies will continue to infiltrate the
darkest reaches of humanity...it is then not surprising that global equity
indicies will become more linked and move in unison with global demand (as
the 3rd world focuses on cheap production of goods and the first world on
intellectual capital)?
Are we reaching towrd a point where economic fundamentals within
jurisdictional borders will no longer govern the desirability of owning an
enterprise and that all large enterprises will be judged on global
competitiveness and global viability of product? obviously this assumes that
goods can be freely and cheaply moved from one place to another.
> -----Original Message-----
> From: Gwenael Gautier [SMTP:ggautier@xxxxxxxxxxx]
> Sent: Monday, January 31, 2000 3:48 PM
> To: List RT
> Subject: [serenity-trading] EW interpretations
>
> Typically I don't have very defined EW counts, so I just ignore the
> smaller counts, but occasionally one can have a clearer picture. Going
> over my various index charts, I can't help to see the following
> (However, don't assume any positions or recommendations from my part...
> It is just my current road map after this fridays sell off):
>
> I view current index markets (NAZ, DAX, CAC etc) as being in a wave 4
> with a 5 to new highs to come in Q1 still...
>
> The count is
> - 1 (within a larger rise from the 98 lows, itself within a larger rise
> from 94 lows etc...) starting at the August lows,
> - 2 the sep oct correction
> - 3 to the dec 31st / jan 3rd top
> - 4 since with first jan week as A, mid Jan swing highs as B, currently
> in C down.
>
> Short term that means:
> - we may drop further to complete C down on some news (Fed hike?) with
> Nasdaq100 H0 staying over 3000
> - or we keep going back forth to complete another D up and E down this
> time on fear exhaustion. In that case, things should lighten up end of
> Feb at the latest, with prices staying over 3250 or so.
>
> We should have a rise over 4000 on the Nasdaq100 thereafter followed by
> further series of 4s and 5s, maybe the whole year so. If that's the
> case, it is going to be buy the dips every time... Same picture on the
> European indices.
>
> Just an exercise,
>
> Gwenn
>
>
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