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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Mad2 who wrote (1673)	7/16/1999 9:58:00 PM
From: wanmore	Respond to of 3543

OK Auric...its gettin' out of hand now. The last post I read was from an internet stock thread and said "It's kinda fun playing this game...no DD needed". Even my optimism is beginning to wither away. I have sat here and daytraded some of these new IPO's and watched people lose thousands of dollars as they buy at a top that does not seem to be based on anything other than momentum and gambling fever. As of Monday I will not be long on any internet or overpriced technology stocks overnight. As a daytrade they are still an quick and easy way to make a few bucks as long as you don't expect the moon and are willing to accept a predetermined amount of loss but this market is out of control for now. Next post is my first guess for the contest

To: Mad2 who wrote (1673)	7/16/1999 10:21:00 PM
From: wanmore	Read Replies (2) \| Respond to of 3543

Contest guess #1 My guess for a major corrective action to begin take place will be on July 27,1999. That day is the first of several that will have reasonably important economic data to be released during that week. Prior to that day the existing home sales report will be released and I do not expect this to move the market in either direction too much. On 7/27/99 the consumer confidence ratings will be released, the next (7/28/99) will be the durable goods report, the next (7/29/99)will be the jobless claims report, the GDP, the ECI (which I expect to be very hard on the market) and the help wanted index. Friday (7/30/99)will be new home sales, personal income , and farm prices. The following week is just as heavy with more data. I cannot see the data continually being so rosey and I feel that in a market as top heavy as this one , even a slight dissapointment will create an unstoppable slide. My 5 days ARE trading days arent they? FYI : The first week of August will include the following reports NAPM Survey, Construction spending, Leading indicators, Factory orders, Jobless claims, Chainstore sales, Productivity costs, Employment situation, and consumer credit