Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: Chris Nevil who wrote (570)	1/10/1999 1:00:00 PM
From: bobby beara	Read Replies (1) of 3543

Chris, I read that story before I posted -g- There is a chart analog for a drop back to the base of the breakout of the July Highs. Gold is another speculators field and the XAU broke out of it's h&S inverted base in early September. There was a blitz of bullish media and sentiment on the XAU. The put/call ratio at the top was extremely lopsided, several of the stocks I follow had absolutely NO NO NO put buying and lots of calls. The index dropped 41% of it's move from the August 31 lows in 3 trading sessions, right into the base of it's breakout pattern @71. Since we have had over a double in the INX2 since the breakout, we could easily make the 40% target of this contest. bb

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