Raptor's Den II 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 : Raptor's Den II

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mish5000 who wrote (1599)	1/8/2004 6:25:13 PM
From: Dan Duchardt	Read Replies (1) of 3432

Remember the 80/20 rule - most people can't believe this is happening and are waiting for a pullback - most people are always wrong. 80% of this stunning new move shall be completed in 20% of the regular trading time. hmmmmmmmm. I'm not taking sides in any debate about where we go from here, but it strikes me that one possible outcome that would comply with this 80/20 rule would be a rather stagnant market going forward. In round numbers it took 9 months for the NDX to move from 950 to 1450. If that 500 points were 80% of the total move and the 9 months were 20% of the time, we might conclude that it will now take 36 months from November 2003 to break above 1450 plus 125 or 1575. I'm not saying this will happen, or it won't, but I don't see how the 80/20 rule is assuring a stunning new move up from here.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next