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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: tigerman77 who wrote (14676)8/11/2001 5:27:44 PM
From: Davy Crockett  Read Replies (1) of 52237
 
Personally, I don't think it will hold the April low & I don't think the Dow will hold its low either or the S&P 500 for that matter.

We are doomed <ggg>

I agree with your post FWIW, but remember this, most people that I talk to like to use me as a contrarian indicator. Based on my past history... sometimes it works & sometimes
it doesn't

I see two scenarios ahead, & neither one encompasses the bullish argument... a) we crash or b) & more likely IMHO, we endlessly grind down (just like the '70's - without capitulation- people gradually throw in the towel)

We have probably entered a deflationary environment, where cash (until it is devalued, so buy Gold) is king & debts are a disaster IMO only.

Of course it is easy for me to say, 'cause we have been in a deflationary environment since the bubble burst... & now the malaise is spreading.

Regards,
Peter
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