Quote:
Originally Posted by 1973
Yes. I talked about an immediate rise after the signal and then a drawn down (1-8%) before the index takes off. I didn't write that the drawn down is between 1-8%. This happened in 1979 and 2005, both time, before the gold stocks took off. If the market don't crash further, this should be about it. However, the market is in a panic mode and thing can be overshoot, more than over done. If it becomes too bad, FED can always announce QE3.
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I am from the semicon industry. Based on past history, typically, our industry with face the 1st wave of downturn impact. After 6mth, the rest of the industries will follow suit.
FYI, this impact has already been observed since last mth. A couple of my vendor are receiving zero order.
In such context, I can't visualize how could your comment on 6mth time the share which you have recommanded can double up. Shouldn't it be plunging down instead due to the economic crisis?
Kindly give comment.