Good morning Jim, and welcome to Techride. Blue told you the origin of the lucky number "909" for this thread ("Nanhu-Nanhu" and "1999"
and "The One After 909" - Year 2000) also seems to go around this number. More allusions keep popping up; for instance one day the market reversed downward the next day when the S & P displayed the #909 at a minus at the Close, while the Dow and Nasdaq were showing as up. It seems to mean something, usually. "More Often Than Not" is key to paying attention to any Bellewether. My Dad kept track of barometric fluctuations (NY area) and he noticed that More Often Than Not market actions coincided with barometric pressure changes. It's also important to watch NY weather for the Open and the Close, especially ice and snow. If it's bad, it means chaos and less price manipulations of stocks because many workers at the Exchanges will be late, out, or leaving early. Dad also taught me to watch (& hold shares of) a Company called BE (shares a fraction of a penny each on the NYSE)which is a Phillippine Goldmine. Every once in awhile it gives a quick spike, and it popped to $ 17.00 in the '70s when precious metal prices skyrocketed and our stock market was down, at the time of that recession. If you put BE in a watchfolio you may notice its performance can (More Often Than Not) be a signal presaging rallies and dips; it usually performs Contrarian to the daily action but if it doesn't then whatever direction is happening will be sustained. Most important about BE (true historically) - is that if you see it start to spike up, better think about sweeping some chips off the table but fast. Last time it gave a sudden spike was late Midsummer '98, remember THAT? It's hard to explain, but only by watching it is it possible to tune into it's pattern. I've spoken of "The Old Folks" sometimes, and "The Old Folks" are my family and other elderly people I know, who have given me classic stock observations which I share.
Their cautious ways and "Farmers Almanac-Style" (some might call it "hillbilly")
of noticing coinciding patterns of market to environment usually holds true, sort of like the pattern of the bands of a wooly bear caterpillar can predict length and severity of winter "More Often Than Not". That there will usually be a "Santa Claus Rally" and a "January Effect" and a "Tax Rally" and a "Summer Tech Rally" is a more modern way of explaining the larger cycles; and now Techride's Lucky Number 909 has been thrown into the well of our MarketCycle Oracle as well;
because so far it has meant something "More Often Than Not".
Sure would love to learn more about land and real estate, if you have stories you would share, hint hint.
Maybe years to come, if this good market continues, a day like Jed just had will come my way. Wanting Beautiful Prime Land, taking out
a crumpled checkbook with dates & checknumbers scribbled on the cardboard, write a number with many zeros with the lot number in the item line, accepting the deed and shaking hands....then calling the broker to sell some stock to trade for it. Dream Come True.
(psssst...)
Jim, whaddya bet the Bank gave Jed a fancy leather embossed checkbook cover that sits at home in a box in a drawer.
909,
Joanie |
