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Any of you who suggest that our markets are anywhere near important lows
...I would suggest you pull up not only weekly charts but also monthly
charts. I would also suggest that not only do you check the indices but
also the US$ ... with US$ in collapse mode... foreigners will liquidate
US assets and repatriate their money back to their countries.. and most
probably to Europe.. After the EURO is rolled out next year this trend will
only escalate........ there is no fear.. yesterday was not capitulation...
we are in what I call '' reverse parabolic".. go back to the last leg up
that brought in the peak March-Apr 2000 if you need a reminder of what
parabolic looks like.
.... oversold mkts become more over sold... no capitulation yet..... and
Mcl Osc, P/C etc does not work in this type of market in my opinion...
Market may hold up for 1-2 more days if lucky... then look out...
swoosh........ Wait until the money managers figure out to move allocations
to Europe.............. wait until they figure out that a weak economy will
hurt midcaps and small caps harder than a IBM........ they have been hiding
in a handful of BIG caps and midcaps... The DJIA and small and mid caps
will play catch up to NAZ between now and year end
----- Original Message -----
From: "Tony Pylypuk" <tpylypuk@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, September 18, 2001 9:33 PM
Subject: Re: [RT] DJIA & SPX Key Levels and Long Term Forecasts - NW
> There is another possibility regarding the lack of success of foreign
> investors in American securities - namely, that the knowledge of domestic
> markets which is possessed by foreign investors is often time-delayed and
> culturally decayed. Although some active traders and sophisticated
> investors can, regardless of where they are located, trade and/or invest
> with success any where in the world, non-professionals are generally
> hampered by lack of sufficient access to market related news in the target
> market and by being physically and culturally removed from that market.
> Even the wealthiest can fall into this trap, as is evidenced by the forays
> of the Japanese in the 1980's into the American markets and their
subsequent
> retreat with devastating losses in the 1990's.
>
> The disconnect is no doubt compounded by the intercession of a broker who,
> in the pursuit of commissions, may not recognize the limitations of his or
> her ability in foreign markets.
>
> All of which may result in the truth of Ralph Volpe's comment of buying
high
> and selling low.
>
> FWIW
>
> Regards,
>
> Tony
> ----- Original Message -----
> From: "Ralph Volpe" <rjv@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: September 18, 2001 9:10 PM
> Subject: Re: [RT] DJIA & SPX Key Levels and Long Term Forecasts - NW
>
>
> > There is something here that sounds a bit fishy. I don't know about the
> European
> > markets but the Japanese market is worse shape than the American
markets.
> Also,
> > America's interests rates are still higher, which attracts funds from
> around the
> > world. If any money is being siphoned off, it's to other investment
> selections,
> > such as gold and gold stocks. Keep in mind that lowered interests rates
> are a
> > negative for those who invest in CDs or bonds, which at some point
> neutralizes
> > the fear of the market and becomes investment capital directed into the
> > securities markets. SLAWEKP's story below may be a situation of "selling
> the
> > bottom" and then "buying the top" a few months later. It's hard to
assess
> world
> > money flow and investment directions. For example, if many investors
were
> > withdrawing funds from American markets to reinvest in their local ones,
> then
> > why aren't those local markets going up? The truth is, anytime there's
> been
> > world uncertainty it was always best to invest in American securities as
a
> means
> > of protecting assets. Am I missing something?
> >
> > --
> > Ralph => E-mail => rjv@xxxxxxxxxx
> >
> >
> >
> > SLAWEKP@xxxxxxx wrote:
> >
> > > Just talk to my European Uncle that even against my advise he put
money
> into
> > > America on advise of his European broker which he sold him same
story;
> new
> > > technology, new era, people making killing in USA
> > > your cash is trash. Now he uses words I cannot even translate in fear
> of
> > > being kick out of this group. He lost on promisees of csco's, JNPR's
> > > & others. In addition to loses he lost 10% in currency exchange due to
$
> > > decline. He is selling everything in US & taking home what's left.
> > > Now multiply by millions of foreigners that have same situations.
They
> vote
> > > with their feet & money
> > >
> > > slawek
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
> >
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
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