Waves, Patterns & Projections (2003)

Here we go for 2004. Poxy cmc prices completely different to the market prices a lose of 8 points if I wanted to short the ftse. The dow rally from nov must be about to end, 1000 points seems to be the max followed by a pull back before moving up again. Its worrying that co's like cap gemini, misys are doing badly and now whsmith has a profits warning, will the whsmith warning become the norm for retailers in 2004 as consumers tighten their belts ,the euro nearing e1.26 now and that is going to hurt german co profits, suddenly analyst will wake up and smell the coffee as german co's start to miss profit forecast. I believe it will be the dax that leads the correction in the markets. Anyway any correction will probably be put down to the strenght of the euro, and I will be watching closely for at german export figures for november, and deflation must be a real reality for germany with the euro's continue rise. As time goes on the chances of a major terrorist attack increase daily. With so much shit hanging over the market I think some people are becoming over bullish and are getting over confident.