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Strategies & Market Trends : Tech Stock Options
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To: Darth Trader who wrote (43823)5/24/1998 1:04:00 AM
From: Patrick Slevin  Read Replies (1) of 58727
 
Gee you guys are tough when it comes to hard and fast patterns.

Patterns are just clues, nothing more. The site you referenced must have had problems tonight. I never was able to fully load it. What little I could load appears to present the impression we are waiting for another breakdown similar to 1929. Again, external events make the parallel unlikely in my thinking. The similarity of the parabolic rise of today's market to 1929 is certainly there but whether or not the highs are now in is still in question.

It just goes to show, looking at patterns is just as subjective as various other forms of crystal ball gazing. What little I could read, due to the slow download, was that person thinks that computers are not often hit by lightening. My system was hit by lightening and other problems so often I thought of buying a second UPS as a backup. I settled on a surge protector built in before the breaker box. This guy may only turn his on to play games for all I know. Perhaps he gets his quotes from a newspaper.

I know of a Sci-Fi writer who writes for BYTE whose systems, television, and a bunch of other stuff were trashed because of an auto accident that took out a transformer. Stranger things happen than lightening and a complete crash similar to 1929 would be a lot stranger.

Anyway, as traders we should be on the alert for a break but not counting on one. This fellow appears to be rigid in his interpretation.
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