predictions on the dow tonight...?, page-10

There must be little doubt in everyone's mind now that DOW futures are of no indication whatsover in a bear market. Theory tried and proven in my book.

So, aside from using the futures as a current indicator, in other words it's not influencing my opinion, I feel a green day is invetible on the ASX even if the DOW does close down (but only if down under 100pts) as our market responded positively to the comments made from RBA and is oversold imo.

There is little doubt in my mind that the only reason we have seen new lows in AUS recently is due to forced selling simply because off shore markets have been tanking. The factors that have brought the OS markets down has little to do with us this time imo. Different to the Nov crashes where imo the reasons were much more relevant.

I'm tipping DOW down 45pts