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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: limtex who wrote (86202)6/26/2002 1:40:25 PM
From: LTK007  Read Replies (3) of 99280
 
There have been , by my standards, 3 intermediate term capitulations in just the past 2.2 years.
We are coming off the single greatest bubble in history, and it could take 4-5 post March 2000 intermediate term type capitulations to reach the bottom.
Zeev has held there is a major determination on the Government's part to have this come down in stages, in order to avoid a national panic/crisis.
My view is there existed NO PPT at the time of the crash day in 1987. The market blew it's guts out and then stabilized by itself.
It was because of 1987 they started all sort's of strategies to not have a crash day again. PPT was a direct result of the event of 1987.
On the crash day in 1987 the VIX hit 155!!!. But it was the end of it.
And "yada yada":). Rest of thoughts exist in my response to Lone Ranger.
BTW, i am a card carrying member:) of the "club" that believe permitting bear markets to arrive at bear market evaluations are what destroys the bear and renews the bull market. I feel the government's methods, in the longterm, are not wise, not wise at all. Max
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