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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Lucretius who wrote (36186)4/25/1999 10:39:00 PM
From: Moominoid  Read Replies (2) of 86076
 

this could very well be the week to end all melt-ups... DOW 12000? very possible.
so is 7.


7000 isn't in one week. Lower 10's certainly is possible though I doubt it. If it does go that way it could then accelerate. I think first it goes higher. The faster it goes up the more likely a big reversal soon is. More of a moderate pace we've been having since December is good news for longs IMO.

This looks pretty healthy:

decisionpoint.com

It would take a while to turn round to a potential crash position. Crashes don't happen off new highs. There is normally a period of slower decline of at least days or weeks which then suddenly accelerates into a crash.

David
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