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Strategies & Market Trends : The Millennium Crash

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To: Nostradamus who wrote (566)	9/2/1997 2:55:00 PM
From: Arik T.G.	of 5676

Nostradamus, you sure live up to your name. It does look like '87 to the letter. Today's action after checking the major support level is a duplicate of the one in mid Sep '87. Only difference IMO is what will happen AFTER the big drop. BTW - looking again at the '29 crash graph, I've just noticed that after the initial 40% bang there was a six months' correction up. Onother seven months have passed before the market fell below the initial drop, totaling one full year in which the Dow traded in roughly the same levels of 1928. The real bear started in Oct 1930 and shaved another 80% off the 1928 levels. Percentage of the total bear - one fourth was lost in the crash and three quarters of the total loss were made during the bear that started one full year after the crash. ATG

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