rob just repeating this on part 2 thread, IMO when everyone starts to think of big falls in the market the opposite is more likely to happen, am starting to see more & more bullish signs in the charts, fundamentally i think that so much cash was hoarded in U.S. treasuries, even to the point of negative interest, any of these individuals who have not already done so, must be itching to get their money into the cash factory (share market), when all or most are back in the market then, i believe it will be ready to fall. i can also see what everyone suggested a while back happening, a decoupling of stock markets, with the cash moving off shore as the U.S. $ is falling under pressure from the excessive money creation ? i think world markets are about to become leaders not followers of the U.S. markets ? i cant find any other way to explain the bullishness i am now seeing in the charts, no crash here ;)
or anyone else your views would be appreciated, i posted this friday morning on hot copper & after todays market performance, i feel even more sure of this prediction.
guys i have looked at the charts of some of the major stocks mainly resource stocks RIO BHP NCM STO & ORG, guess what !!!
they have done a pull back & look set for a major rally, more specifically i have the following targets :-
RIO - $80 BHP - $50 NCM - $80 STO - $22 ORG - $20
dont know if any other chartists could confirm my findings ?
