Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 30.81

-14.3%

Nov 20 4:00 PM EST

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To: da_cheif™ who wrote (36593)	12/8/2008 6:04:43 AM
From: chartliner	Read Replies (1) of 206958

In the 1930's Don, that was the point Armstrong made is that the dollar was fixed to gold, so they could not print many dollars, now that restriction does not exist, so they can just keep printing and inflating their way out of the down turn. That is what Armstrong wrote in the ninties anyways. In his latest article though he seemed to be open to the idea of dow 3600 if confidence turns back to government ... for example Obama's infrastucture public works spending. We are in Armstrong's 51.6 year confidence in private markets cycle though, so confidence should stay with the private sector until 2032 according to his model and that would argue the dow goes to 35,000 which is in line with your view of the 'Mother of All Bull Markets'. Funny thing about that is Mike Campbell was once interviewing James Dines and Campbell got it confused who said 'The Mother of All Bull Markets', he thought Dines had said it and Dines replied, well errr...yes. He just let is pass as though he had said it in the past which he had not.

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