Just quickly catching on the other threads - I think the problems lie on many people like Soros, Robert McHugh and so on putting out their prediction on the Dow and scaring the hell out of everyone. Maybe it would be good for the country and the world if they kept their thoughts to themselves.
Or perhaps, this is master plan for the those who have been waiting on the sidelines to cry fear so that the market continues to sell and then for them to start accumulative. The selling will be exhausted at some point...
Here in Australia - I still amaze that people are selling just because the US dropped last. If the US had gone up big time - they would have bought today. So it is all sentiment driven - mass psychology...
I still wonder about the impact of turn dates - why people behave in such manner - if anyone could suggest a book that explains this phenomena - it would be greatly appreciated.
JK5
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