Quote:
Originally posted by Serge_Oprano@Nov 18 2002, 09:24 AM
Colin,
the proof will be in the form of major drop of the stock market.
Wig,
am I answering it correctly for you?
;-)
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Serge,
Actually, there is some truth to this but with a small caveat. I stated in October that I felt that a low was in the making. It was during the same period when many were predicting a collapse.
I think we have just realized the first leg up from that low and that now the market is vulnerable to a "B" wave decline. This "B" wave decline will be a sharp pull-back which I believe will be followed by another rally into January.
If it unfolds like I think, this could be a very important top.
My comments regarding Saddam or Al Qaeda are based on middle east cycles. Again, I believe any near term events to be a precursor to Sept - Oct 2003 when the real fireworks are likely.
We'll see.
