todays action, page-9

Apart from all the obvious bad news..

here are a few market barometers,that suggest to the
observer,that world markets are soon to reverse.

1. The Dow is holding above the all important 8000 level.

2. America has been in recession for at least 12 months.

3.Bear markets last anywhere from 6/18 months.

4.Many bear markets have ended in October.[pray on that]

5.'Smart Money' has been in the market for 'some time'.

6. Markets are in an historically oversold situation,
therefore share valuations are at bargain basement prices.

7.Interest rates are low[could get lower],which means
when markets attain some balance..capital will be
available for re-investing.

8. Arab Sovereign Wealth funds are getting ready to
begin unloading their huge dollar holdings into U S
assets.

9.Reports of companies being taken over for the price
of their cash in the bank..$100m in one instance,and
their assets went along for the ride.

10.Many margin accounts forcibly liquidated.

There are many indicators out there at the moment,
perhaps the above may help some of you to a better
understanding of what it takes to precede.. a
Sustained Rally,in a market such as this.

Lastly, short sellers are having a field day at the
moment, being on margin,and the market 'Turns suddenly'
as anticipated,then there will be a mad panic to cover their
shorts sending prices skyrocketing.