Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: LTK007 who wrote (78088)	6/12/2002 6:37:08 PM
From: Crimson Ghost	of 99280

From today's KING report. Projects a scenario very similar to the turnips. The summer rally probably will foment a very ugly autumn. The crystal ball sees dollar trouble – currencies tend to go nuclear in the fall – on economic concerns. If the autumn brings ugliness to stocks, the probability is high that a monster rally will ensue. Here’s something to clip away for later this year: The ‘20s bubble peaked on September 3, 1929 at DJIA 381. It bottomed on July 8, 1932 at 41; two months later the DJIA was 80; one year later the DJIA hit 109. That’s about 34 months from top to bottom. The Nikkei peaked on 12/27/89. On 8/18/92 (~32 months from peak), the Nikkei made an important bottom that produced an explosive rally (+45% by Aug.) that saw the Nikkei almost double by 8/17/93. The gold bubble peaked at $850 on 1/18/80. 30 months later gold fell to $295, but 2.5 months later it hit $480 and peaked at $510 on 2/16/83. What does this mean? The US OTC bubble peaked on 3/10/00. Adding 30 to 34 months to that date yields a September to December corridor for a major bottom, then explosive rally and a bull move that could last a year. If the autumn onslaught occurs, someone will brandish the algorithms stated above and state the current US brutal bear market tracks the ’29-’32 US bear and the Nikkei experience of 12/89 to 8/92, so a major rally is probable. Major hedgies will play the algorithm. Leading financial publications will publicize it. Remember, you heard it hear first; beware of cheap imitations.

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