I suggest at the beginning of the year stocks would nothing, and to be
only 25% invested in top tech stocks.
http://groups.yahoo.com/group/OEXTrader/message/203?threaded=1&expand=1.
We are at a very critical point I believe.
http://www.oextrader.com/oex/gann.gif.
With a daily chart suggesting, ( looks to be the 520-525 level)
http://www.oextrader.com/oex/gann2.gif
. We are at some key daily support levels. Make no mistake, with the events
that just took place, don't be surprised if the market does break
through to the 325 levels where the market peaked in 1996, if support does
not hold here. I think it may hold. The worst case scenario out of all
this, is the market could get dragged to the 170 level, where prices
peaked in 1987, but only over the coming years. This should become support
if the world does in fact go to the dogs of war. Please don't construe
this as being a suggestion of a crash, but the possibility is there in
my humble opinion. I don't see this happening though. I think real estate
is the best place to put ones money right now for the next five to ten
years. I would continue to hold that 25% in techs as well.
We finally will be launching Zubee
Online at the end of this month. We hope to sign up 1000 users by the
end of the year. That is our goal, and we want to meet it to keep this
site going. We will bring on some more writers next year as well if we
meet some of our other goals. We are using top Networks - Qwest, Genuity,
and Broadwing to bring you a quality product at a reasonable price of $12.99/Month.
The first 1000 users that stay on our system for a year will become Zubee
VIP members, and we will issue a certificate in recognition of that
at the end of their one year. We will try to offer the first 1000 Zubee
VIP members, free Internet access for life, if the company turns
out to be a success at the end of next year. We currently have no plans
to go public at this point. What may happen next year is we may end
up going into Europe as well. With the work load I have right now,
I don't believe I will be going back to doing daily commentaries
unless we higher some more support staff.
We thank you for your continued support.
Rick Pereira
OEXTrader.com