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 : Stock Attack II - A Complete Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: AllansAlias who wrote (6496)4/29/2001 1:20:39 PM
From: Lee Lichterman III  Read Replies (1) of 52237
 
Interesting chart read. What really got my attention though is your are labeling everything up to now since the 90s only wave 3. So you think we still have years left of upwards movement before we go into a secular bear?

The K wave was supposed to hit sometime between 2000 and 2010 so if we haven't seen a real bear yet, then that must be a doozy waiting ahead.

As Chris pointed out in his note to me a few posts ago, the DOW, NYSE etc are near their highs so you could be right. Other than GE, WMT, HD etc, valuations aren't that bad in the DOW but that diamond is still worrisome. The DOW is the most confusing index of this whole mess. The year long sideways action almost suports your view since it could be nothing more than a huge long drawn out bull flag, rectangle or whatever you would want to call it with the result being no matter what, a bullish formation and implying a continuation at some point of the multi-year upward move.

Of course the question then is what was all this of the last year? A valuation correction only in the NASDAQ where prices were supposed to just become more realistic and teach Mo Mo traders a lesson? But then where does future upward movement come from? Old recessionary pressures and high energy costs seem to be dampening profits. Sheeple are almost maxed out in credit debt. And now new emerging inflationary pressures should contract PE ratios further if the Bond markets are correct ( and they usually are).

Interesting times.

Great charts, I featured your e-wave reads on our site a few days ago. You are really on a roll.

Good Luck,

Lee
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