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In a message dated 11/14/00 5:57:43 AM Eastern Standard Time,
hbernst963@xxxxxxx writes:
<< Thanks for the latest chart. I have a question. Since the Money supply is
a
leading indicator and the ROC of it was going up from April until August of
this year, doesn't it mean that we have a rally ahead? In the top clip you
show the ROC of the money supply leading peaks in the market by anywhere
from
3 to 9 months. Since the latest peak in the ROC of Money supply was August,
shouldn't we see a rally to a peak over the next few months?
Just wondering,
Howard >>
Hello
if it smell like a bear and feel like a bear and act like a bear it must be.
We are officially in a bear markets
and when you are, EVEN an increase in m3 takes TWICE as long to get
the market going
now that said. It does not mean that we do not get a nice rally starting
11/23-11/26 going to 12/1-12/4.(not for faint heart and only to get out
intra day)
hope this helps
Ben
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