Local Real Estate Comments and Ramblings

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Dow $7200 or less?

At age 74 my dad has gone back and gotten his securities license. That it in itself is a whole topic for another post.

His area of expertise has always been in technical market analysis.  In other words, predicting the future trends in the market.

 

 

"....7200-7500 ON THE DOW THEN EVENTUALLY 5365-5400.... 

 

.....THIS PLUNGE PHASE DOES NOT TAKE VERY LONG.  THEN BASES WILL HAVE TO BE BUILT BEFORE THE NEXT GREAT BULL MARKET BEGINS....."

Personally, I dont understand a lot of it and I wont pretend to.  Do with the information what you will.

I think its safe to say that many folks hope he is wrong. Just remember you heard it here first :-)

******

Bob Southard, e-Pro, Realtor ®, Solid Source Realty, Inc. Buy a home, Sell a home, in Powder Springs, Marietta, Kennesaw, Acworth, Dallas, Hiram,and Cobb, Paulding, Douglas, North Fulton, South Cherokee, County, Ga

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Bob Southard
Broker - Owner  Atlas Realty Service LLC #75911

O:678-439-SOLD(7653)

CALL ME DIRECT: 770-656-9134

Buy a home, Sell a home, in Powder Springs, Marietta, Kennesaw, Acworth, Smyrna, Dallas, Hiram,and Cobb, Paulding, Douglas, North Fulton, South Cherokee, County, Ga. Call me for all of your real estate needs.

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Comment balloon 3 commentsBob Southard • October 24 2008 07:57AM

Comments

Futures trading halted before the opening day today. Asian markets are reaching their lock limits, regulators are not alowing trading anymore when they went down by a certain percentage. This is designed to prevent panic, but I think there is panic anyways, don't you think?

Posted by Broker Nick, Broker Nick Relocation Broker Service (South Florida Real Estate & Development, Inc.) almost 10 years ago

It's difficult to say what the market will do short term. Nobody really knows. But those are some scary looking numbers you posted. It seems like we just need to hide and watch.

Posted by Brian Belcher, Charlotte Realtor (RE/MAX Metro Realty) almost 10 years ago

Nicholas Goglucci, CRS ~ CLHMS, e-PRO - Panic?  Oh yeah.  Dad has actually been telling me the 7200 number for over a month now.  He has said it will be before the election.  I havent even looked at numbers today but it looks to me like he's gonna be right.

Charlotte Real Estate Agent Brian Belcher - As a technical analyst, Dad actully does predict the ups and downs, both long and short term. I dont understand it all but I know hes pretty darn good at it.

Posted by Bob Southard, e-Pro - Cobb, Cherokee, North Fulton (Atlas Realty Service, LLC) almost 10 years ago

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