The Millennium Crash Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Millennium Crash

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tommaso who wrote (5096)	4/12/2000 5:08:00 PM
From: Rarebird	Read Replies (1) of 5676

There are retracements that fill gaps. When the NDX gets to 3200, it will most likely fill the gap to 3700 before it heads lower again. A 50% retracement from the September 98 low of 1200 to the most recent high of 5150, puts us at about 3175. A close below that level qualifies this Bear as a Grizzly. By that point, Greenspan will probably be in the radical easing mode, a recession should be imminent and the most hated precious metal which has been in a bear market for 20 years, may finally wake up. I would also expect major tax cuts to get implemented to try to prevent what happened in Japan. Maybe that won't really help as many people will be bankrupt. If this continues, a second great Depression is possible.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next