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Thread: The Economy 2009

  1. #1

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  3. #2

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    Default Re: The Economy 2009

    Yesterday Tim Knight's "Slope of Hope" video mentioned that Elliott Wave International has pointed out that during this entire bear market so far the Dow has never closed below 8000 more than one day at a time. So if it does so in this test, then that will be a first and we'd better perk up. Tim asserts that if it happens, that will be the catalyst for the plunge and then the next bear rally.

    http://slopeofhope.com/2009/02/02/th...of_sub8000.htm

    Lady

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  5. #3

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    Default Re: The Economy 2009

    Looks like the Dow would have to close up 64-points today to avoid that.
    -- Tom | My Trades

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  7. #4

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  9. #5

    Join Date
    Jan 2009
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    Default Re: The Economy 2009

    Doesn't look good, that's for sure.

    Jimmy! It's been a long time right? What country should we move to now since the growth story of China has collapsed? India?

    More Peter Schiff in the news... (sigh).
    "Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog

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  11. #6

    Join Date
    Feb 2009
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    Default Re: The Economy 2009

    Zacks 3/23/2009 video says "cautious optimism"

    http://www.etvmedia.com/etv/Custom/Z...7&channel=1341

    Lady
    If you think education is expensive, try ignorance. - Derek Bok

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