SI
SI
discoversearch

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 : MDA - Market Direction Analysis
SPY 683.38+0.1%Nov 12 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gary Burton who wrote (66106)1/6/2001 2:22:36 PM
From: Gary Burton  Read Replies (1) of 99985
 
Prechter-Jan01--"some of the the skyscrapper patterns have already paid back most of the price for their manic booms. However, with retracements of only 50% on the Nazdaq, CSCO and many other stocks have much furthur to fall. Many participants CONTINUE to resist the very idea of "down", using arguments based on fundamentals and the future of technology. If a stock mania were a mechanical system that fed on technology breakthroughs or earnings, their hopes might have a basis for fullfillment. But all history reveals that that the process is a psychological one, and the psychology demands a full retracement of the gains generated by the mass belief in ever-rising prices.."----He says the manic phase on the Naz started at the Oct98 low of about 1300ish-- I might take issue with that and put the manic phase as starting from the july99 low a bit below 2500...although I would agree that the chart went above the long term trendline starting back in late 98. Perhaps the chart would have topped out at about 2800ish in the summer of 99 and proceed normally to return to the l.t. trendline IF it were not for the interruption by the manic phase in July 99 that prevented that from happening....So, from my viewpoint, it is unclear where exactly the 'manic' phase on the nazdaq started. Makes a big difference.---he says Jan will be hard down till late in month
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News