gottfried, Brian, Synder, Cary and threaders >Do you have an opinion or strategy to deal with this possibility?<
As Tom Dorsey would tell you he can not project what is ahead but they only track what the demand and supply tells then. They constiantly set stops depending on the risk tolerance of the investor, ie 8-10% as per IBD, 20-30 percent on less risk tolerance individuals. If I recall correctly, Tom states to sell stock as it moves up in price in 1/3 for each 50% price growth in order to take profits. Wish I had done so in the past.
The only records we would have would be going back to the prices of AMAT from the Historical prices on Yahoo, and other sources of Data and Charts. From 1990 we do have the BTB data that we orginally obtained a few years ago and the Data on lows and highs which I sent you on the DW chart patterns on the lows of the DW NYSE, OTC, 10week, bpoptions, and high/lows.
In summarization, I have difficulty, based on what Greenspan stated to the House and the Senate regarding the importance of technology and Dent's book on "Roaring 2000" regarding Baby Boomers, that we will be in a secular bear market for 20 years as some have projected. IMO, there is just two much technological and biogenetic advancements along with the Pacific Rim growth and increased productivity.
Just my opinions.
Do you have added charting or data we can review.
Paul |
