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: tradermike_1999 who wrote (14069)	1/28/2002 2:49:28 AM
From: Maurice Winn	Read Replies (1) of 74559

<The manic deification of Alan Greenspan ends on Wednesday. > Mike, I'm not sure that me and a couple of others constitutes a mania. I haven't seen much sign of general adulation since the market peak. A bit like investors' IQs are directly proportional to the rate of increase on the stock market, the idolatory of Uncle Al is directly proportional to the rate of increase of the stock market. He was Numero Uno in the waning years of the 20th century. It's only since the Y2K peak that the moaning became general. While I wouldn't say I deify him, I do think he does a good job. I doubt my attitude will change on Wednesday. But, I think a mystical and magical triple witching is coming up with the confluence at the 10,000 level of the Dow, Nikkei and Hang Seng. Then, at 20.02 20.02.2002, we have the mystical triple palindrome time and date. I would not be surprised to see Dow 16,000 within a few months after that date in the most amazing upward trajectory away from the pit of fear as the globalized economies come roaring out of the old fear that we'll return to the age of the Aztec. Mqurice PS: On the other hand, this TA might not be worth any more than Elliot Wave stochastic head and shoulders reflexivity MacDs. The 4-year moving average of the Dow chart will go through 16,000 in February, so it's going to be a very surprising and exciting recovery when it comes.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next