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Market can only go down
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mrmarket
#1 Posted : Tuesday, May 26, 2009 4:44:00 AM
Rank: Member


Joined: 2/2/2007
Posts: 1
Recent indications are that the market is going to head south in the mid to long term. There is no governement will nay ability to revive the economy,social unrest will be stocked by both political instability and economic hardship and the 2012 election is something no one is looking forward to. Couple this with poor business fundamentals and we have the perfect recipe for a long long wait for any meaningful gain in the stock market. Can anyone see any green shoots? I dont!



mrmarket
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eli
#2 Posted : Tuesday, May 26, 2009 5:32:00 AM
Rank: Member


Joined: 6/17/2008
Posts: 294
Been monitoring as well,of late,the index just gets an increment of less than 20 points. Very few stocks manages a price increase of 5bob and above. I am in agreement. It could start going down,soon!

But you shall remember the LORD your God,for it is He who is giving you power to make wealth,that He may confirm His covenant which He swore to your fathers,as it is this day. Deu 8:18
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jammo
#3 Posted : Tuesday, May 26, 2009 5:44:00 AM
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Joined: 2/12/2008
Posts: 345
,..economic fundamentals..micro n macro..both point down..considerin loss of income in job redundancies n restructuring plus inflation translatin to less savings hence less investing.......

->Technical factors against sustained upward price trend include foremost; share dilution..increase in number of shares...inflatin liquidity in shares in the bourse against increasin value of the shares...eg..bonus issues,share splits,rights issues..upcomin IPOs..(that bread maker)...liftin suspension on carbacid n Boc...plus i got my coop shares (so needless to say selling now translates to 450%.....) ...... Then there is alternativ investments...eg commercial paper,treasury bills,bonds cheaper..less headache..more available..companies preferrin issuin debt paper rather than listin on nse.......................etc etc........etc... Enjoy.

..if it is not expressly prohibited in law.. DO IT!!!!
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Hi-Lo
#4 Posted : Tuesday, May 26, 2009 6:29:00 AM
Rank: Member


Joined: 10/5/2007
Posts: 91
@eli...remember the book u recommended by Oz...just finished reading it (all the 1000pp)...now on the chapter on candle sticks...most counters have the DOJI candle shape of late...according to Oz this represents the end of a trend... a reversal...I am acting accordingly...

Playing the stock market without insider info...is like buying a cow in the moonlight.
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