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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: John Mansfield who wrote (6651)	7/17/1999 12:06:00 PM
From: flatsville	Read Replies (1) \| Respond to of 9818

John, Thanks. I've been looking for that. (The ft.com search feature sucks rocks.) See: omnitrader.com Look at the chart under 3rd and 4th quarter scenario <ggg> Also see his note: >>>(Note: This decline theory is based on Y2K proximity only, not any technical measurements per se)<<< Ya gotta love this. Here's a guy who built a small empire on technical trading and selling trading software and he just says essentially, "Aw, screw it!"...Doesn't even pretend to draw any technical parallels to last year's decline just "Just screw it. This market headed into the crapper cause of y2k!" ROTFLMAO >>>After the rally, I am looking for the market to correct hard as Y2K enters our focus in mid to late- September. Why? First, if we hit 12,200 that will be a consolidation target (by my measurement). But more importantly, Markets do not like uncertainty. As the "event" approaches, it won't take a lot of selling to precipitate a panic. The only counter force I can think of would be foreign capital coming to the U.S. as a safe haven, but I believe such an infusion will propel the market higher between July and September, ahead of the Y2K event. This "Y2Kism" is just an opinion on my part. However, I do think the consolidation target of 12,200 is a pretty decent measurement of upside potential based on the consolidation we just experienced. We will have to watch the market closely to see if my Y2K crash theory has merit. The good news of course, is we can make boatloads of money on the way down, and also on the bounce back. Volatility is a good thing - if you're trading, that is.<<< Sort of an echo of a my "confused flight to quality" where smart money tries to determine where the smart place to be in fact is?