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Strategies & Market Trends : Classic TA Workplace

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To: morokko65 who wrote (43958)6/30/2002 2:28:26 PM
From: AllansAlias  Read Replies (2) of 209892
 
S&P 500 Quarterly Chart -- I think it time to call this 20 year trend finally broken.

angelfire.com

Nothing special on the chart. Most of the stuff has been discussed already or posted in other charts.

(BTW, morokko65, I can not see clearly what will bring the S&P to 500 either, but that's of no importance to me. I did not see what would bring it to 1000 with all the much clarity, yet it happened as many here and elsewhere said it would. I believe we will get to 500. Who knows, maybe it takes 6 or 8 more years.

If someone had said to you in 1995 that the S&P would triple in 5 years, I think you'd have found that equally outrageous. It is only this last crazy run that will be wiped out; a mere 5 years of mania.

As always, many of us will sing a different tune if price begins to make fools of us. Being wrong happens often enough, but it's being stubborn that's expensive. Cheers)
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