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Well Asian and Japanese (blue chip) Net stocks in particular are down 50 to 70%
since Jan-Feb highs... No particular news, except people appeared to be invested
with leverage, and are now forced to sell after simple initial profit taking.
So it CAN go down and VERY fast. Whatever people say, think, do, it MAY arrive and
ANY strategy SHOULD take this into account, whatever DOES come out in the end.
Gwenn
wong wrote:
> Hi All:
>
> There are so many posts on the impending market crash I've lost count of them.
>
> We've been concentrating on the DOW, S&P (futures) etc.
>
> How about looking at the thing from another angle?
>
> Please refer to the attached weekly charts of Russell 2000 and Nasdaq indices.
>
> Where's the bear? I certainly can't see one at the moment.
>
> On the other hand, the oscillator indicators are telling us that both
> indices are at or near overbought levels. As I said in my earlier post,
> this should alert us that in the future, the indices may have some
> retracement. If one is cautious, one should be prepared to liquidate some
> stuff and take profit. As I also said, as long as the "market" is bullish,
> it may not be very wise to go short.
>
> This applies, of course, to both Russell 2000 and Nasdaq.
>
> S&P and DOW certainly are in a different category, and should be treated
> differently. That is, if they exhibit signs of bearishness (and I'm not
> sure if they necessarily do), then it may not be wise to go long so soon...
>
> Regards,
>
> Wong
>
> ------------------------------------------------------------------------
> Name: rus2000-nasdq wkly.gif
> rus2000-nasdq wkly.gif Type: GIF Image (image/gif)
> Encoding: base64
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