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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (4625)10/29/1999 12:28:00 PM
From: bobby beara  Read Replies (1) | Respond to of 5676
 
ATG, not a worse case scenario if your long right now -g-

The Ge chart and the nasdaq chart remind me of the Schwab chart going into january/feb top, a rising wedge - which looked terminal, but it broke up above the top line, came back and tested the breakout line then made the wicked witch of the east hat top.

Interestingly during the 87 anniversary week we had a 233 fibo day from the March 3 low that preceded the baboom into the april peak.

bb



To: Arik T.G. who wrote (4625)10/29/1999 12:29:00 PM
From: dclapp  Read Replies (1) | Respond to of 5676
 
Arik,

I agree with you, except I'd put the blow-off a bit earlier and the Millennium Crash in December -- when unsupportable market highs run smack into y2k jitters, fears and (I think likely..) some unpleasant pre-y2k surprises, "sightings" or social behavior.

Should be interesting...

regards,

doug


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