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Strategies & Market Trends : Classic TA Workplace
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To: 4rthofjuly007 who wrote (68930)3/18/2003 7:40:18 PM
From: Death Sphincter  Read Replies (1) of 209892
 
there's nothing absurd at all about that idea. this is a bear thread, and as such, many of the participants want to compare everything to the Japanese Crash and the 1929 crash. well that may be fine and dandy, but our current market has been split up with the NAZ and the 'other'indices'. The NAZ is full of overvalued overhyped speculative companies and is the whipping boy of the market. The NAZ has a different 'long term' count. it only started in the 1970's and it IS in a crash(obviously) and REAL crashes look like the 1929 and Nikkei charts....whereas, I think the DOW is in a 4th wave of LARGER wave count....and it could very well be doing a 1970s type multiyear correction which would certainly allow that inverse head&shoulders formation to occur and ultimately run back up over 10,000...all as part of a complex mutiyear triangle type downward consolidation. Whereas, the NAZ completed the "A" leg down of its crash this past October and this is possibly its "B" wave counter wave rally. All of this leading to a big failed rally that will be proclaimed as THE NEXT BULL MARKET!!! PRAISE THE LORD!!GRAB THE GLUE BONG!!! followed by the crushing grind down that WILL lead to total capitulation, the ultimate Diarrhea Wave....and we all know what that looks like

now THAT will be STINKY
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