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Pastimes : Ask da_cheif

MVIS 0.943

-11.5%

Nov 12 3:59 PM EST

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To: GROUND ZERO™ who wrote (5022)	9/13/2001 1:05:13 PM
From: da_cheif™	Read Replies (6) of 8150

gz.....i remember the absolute fear and panic at the bottom of 87.....we basicly have nothing to compare with todays situation.....needless to say such an event as we have just suffered coming after a long decline is less dangerous to the market then if it had come when everybody and his brother is long the market,such is obviously not the case now.....therefore the ones at risk now seem to be the commercials which have their largest short positions in history at stake.....adding to that the specialists on the NYSE had cut way back on their short selling therefore do not have an incentive to take the market down.....the flood of liquidity the fed injects into the system everytime there is a disaster in one form or another has in the past provided for a dramatic turn especially when such a fundamental event occurs after a decline has allready started and has reached a technial oversold condition.....I posted earlier this week before the attack that I had expected the biggest up day in the history of the dow jones industrial average by triple witch expiration..little did I know wat the catalyst for it would be......the panic of 87 was indeed followed by the biggest up day in history......the launch of the stock market in august 82 was coincident with the New York Times Headline "DARK DAYS ON WALL ST.:".....Yesterday the same headline appeared in the Detroit Free Press......the bears make reference to a coming depresssion like the 30.s...they use the Edifice Complex analogy.....ie. big bldgs......well the Edifice Complex is without a doubt a great timing tool for the stock market......The Asian Collapse came after the tallest bldg in the world was built over there.....Kmart built a fabulously huge new headquarters right at the peak of their stock price.....Bill Gates built a mansion for himself right at the peak msfts stock price and the beginning of his troubles with the US gov.....In the 1929 the US built the Empire state bldg right at the top...................NOW in the depths of dispair which is the absolute opposite of the 1929 peak.....Manhattans tallest bldgs ever are taken down....IMHO from these ashes will spring the Phoenix of free enterprise and capatilism around the globe....and with the dows divisor a fraction of wat it was in 1987 the multinational corporations that make up the Dow Jones Industrial Average in my view are positioned to provide for the epicenter of prmary wave 3 up.....m10c

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