-
Is this another 1997?
talk to very few traders that have been around since 1997. I bring this up because there is some talk out there about how similar the situation in the US is right now to Japan and the rest of Asia during the crisis of 1997. But what does that mean and is it useful? I think it is definitely useful as we try to understand what to expect in the near term. The similarities include a real estate bubble, crushing bad debt and private debt explosions. It was also preceded by bank stocks and currency devaluations. Sound familiar yet? In today's video I will show you, on the charts, what this looked like back then and you can decide for yourself how similar it really is. This is a good exercise if you are unclear about that period because you can look for the signs of similar activity and profit from it rather than become a victim. In a way it is a little like learning how a price pattern works. If you see a similar situation occur it could turn into the trade of a lifetime. To see the video, click here: [url]http://www.pfxglobal.com/index.php?option=com_content&task=view&id=1699&Itemid=117[/url]
- Comments
- Comment
- Subscribe
- Comment #1
- Edited 6:02pm Dec 20, 2007 5:32pm | Edited 6:02pm
- inflxshn
- | Joined Jan 2007 | Status: Scanning the continuum | 12 Comments
- Comment #2
- Edited 8:07pm Dec 20, 2007 5:59pm | Edited 8:07pm
- TheLFB.com
- | Joined Jul 2007 | Status: Member | 0 Comments
- Comment #3
- Dec 20, 2007 6:13pm Dec 20, 2007 6:13pm
- inflxshn
- | Joined Jan 2007 | Status: Scanning the continuum | 12 Comments
- Comment #4
- Edited Dec 21, 2007 9:19am Dec 20, 2007 6:23pm | Edited Dec 21, 2007 9:19am
- TheLFB.com
- | Joined Jul 2007 | Status: Member | 0 Comments
- Comment #5
- Dec 20, 2007 6:27pm Dec 20, 2007 6:27pm
- inflxshn
- | Joined Jan 2007 | Status: Scanning the continuum | 12 Comments
- Comment #6
- Edited 11:02pm Dec 20, 2007 7:24pm | Edited 11:02pm
- Trout
- | Commercial Member | Joined Oct 2007 | 688 Comments
- Comment #7
- Edited 9:17am Dec 21, 2007 8:52am | Edited 9:17am
- sf2000
- | Joined Oct 2006 | Status: sf2000 | 5 Comments
- Comment #8
- Dec 21, 2007 8:55am Dec 21, 2007 8:55am
- clockwork71
- | Commercial Member | Joined May 2007 | 1175 Comments
- Comment #9
- Dec 21, 2007 10:56am Dec 21, 2007 10:56am
- PFXGlobal
- | Commercial Member | Joined Jul 2007 | 0 Comments