So far its the 52 week highs, what is meant of course is (other than IPO highs) the real all time natural growth HIGH. All companies, I mean real companies, those with products and earnings and future earnings GROWTH, and solid management (not kids behind desks) and proper (banking approved) business models, these companies, the S&P 500 type, they always return to their highs. We are still within an annual calendar reach of these highs, and therefore I shorthand refer to them as 52 week highs, since whatever quote system you use you also can see them straight away. If they go beyond 52 weeks then you would of course have to put that extra effort into it and chart them out 2 to 5 years...but with PALM and NTAP they are still within 52 weeks and should start recovering not to those 52 week highs but towards them while your quote service still shows the prior 52 week high, it could take from PEAK to Valley to PEAK more than 52 weeks and I believe the entire S&P destruction caused by Greenspan is a 3 year Peak to Valley to Peak (18 month in DOWN and 18 months out back UP) graph. With NTAP and PALM they have shorter recession/correction to recovery graphs, but for the rest of the market 156 weeks, for which we are beyond the half way point right now, climbing back up towards the recovery half.
I am,
Truly your$,
-Crystal Ball |
