SI
SI
discoversearch

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.
Pastimes : The Philosophical Porch
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Larry S. who wrote (2718)3/18/2008 9:07:37 AM
From: Rarebird  Read Replies (1) of 26251
 
Yes, Larry, the end of the Nasdaq 100 Bear (from March 2000-March 2008) may be near completion. Fundamentally, it's hard to make that case when the economy is in the heart of darkness. However, oil is poised for a collapse very soon and with energy prices poised to plummet more than 90% from current levels in the future, the tech stocks may just do it.

I'm basing my view upon the very large long term diagonal triangle pattern in the price of oil. One of the tenets of Elliott Wave Theory says that the entire pattern will be retraced to its beginning point, which was under $10/bbl.

What will cause this collapse? The abandonment of Oil as an energy source. Oil has excellent uses, but burning it is not one of them. Alternative energy projects that are nearing fruition will give the economy a cheap source of energy and obsolete oil, much as whale oil was obsoleted.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News