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Strategies & Market Trends : Sharck Soup

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To: American Spirit who wrote (16164)4/12/2001 7:55:51 PM
From: besttrader   of 37746
 
American Spirit, you said, "And longterm the market always trends up". Well NOT NOW. Look at a 10,20,50,100 year
chart and see we are NOW LONG TERM TRENDING DOWN. The Dow
had a few years to go up, and what did it do? It went
no where on higher and higher volume making a DIAMOND.
Crashing out of this diamond formation gives you a
target of 7500 on the Dow. Historical P/E values are
WAY out of whack, and now with negative earnings, P/E's
are infinite, giving stocks the theoretical value of 0.
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