XJO 0.18% 8,300.2 s&p/asx 200

friday night trading, page-112

  1. 17,444 Posts.
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    Jaolsa

    I do suspect there will be a last gasp rally period.

    It may be an 1989 type where it is a lower high or it may actually make new highs.

    It is easy for me to get confused between the US position and ours.

    I do believe we will see an interim resource collapse in the first half of next decade before a second leg.

    I am not so sure about the US.

    Is it done or just started.

    Not sure.

    Everything seems dire now and I believe worse is to come, but whether it is the killer blow I am not sure.

    As Gann45 has pointed out for a long time, 18 year upside periods in the US seem to be followed by 18 year sideways periods.

    So I suspect they see up to another 10 years of sideways trading which allows for slightly higher prices and much lower prices.

    If the range is 10,000 pts I know you will scalp 1,000,000, ;-). (I believe that's a winK)



 
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