Booms, Busts, and Recoveries 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 : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ilaine who wrote (6347)	7/28/2001 2:24:28 PM
From: westpacific	Read Replies (4) of 74559

From Russell of Dow Theory Letters in La Jolla CA, one of the newsletters I buy: He is telling us that we could see a major wash out between now and the end of October.... """"It could just be that we are fated to get a full oversold market sometime between now and the end of October or at least in the fourth quarter of this year. I have no idea what circumstances or series of circumstance could drive the market down from here to a full oversold condition. Just let me put it that if this market does plunge to a rare "fully oversold," I want it to come as no surprise to my subscribers. I might add that if or when we get a full oversold, the market is going to look very "scary." That's what it take to produce a classic oversold market – fear. So please, don't be surprised if that's what we see between now and the end of this year. It may not happen, but if it does – be prepared rather than surprised. OK, what do I think could cause that kind of fear? What comes to mind is the "sudden realization" that the economy isn't getting any better and that indeed it is worsening as this year moves on – and that 2002 may not look any better than 2001. In other words, the long-promised bottoming process for the economy is not materializing.""""""" Another newsletter writer is predicting cycle bottoms between August 19th and the end of September. Saying the 78 week cycle, the 39 week cycle and the 10 week cycle all come together for a near term oversold condition. So in other words - like I have been saying holding long overnight is very risky in the near term. After this oversold condition we could get a nice snap back rally from there. Of course this snapback still does not indicate the ultimate bottom has been reached. I remained convinced we shall see that between April to July of 2001. All the best. West

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next