Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: lorrie coey who wrote (74010)	1/19/2000 10:40:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 132070

my guess is that the first wave of bubble unwinding will end in the area of 7,500. that's a previous 4th wave low and historical charts of past manias suggest that that's where the first down wave tends to end up. there-after you usually get a corrective 'sucker's rally' that retraces about 50-60% of the loss from the high, and THEN the bear market begins, a slow erosion that ends anywhere from a 50 - 90% setback depending on economic circumstances. as a rule of thumb, the bigger the boom, the bigger the bust...of course i have no way of knowing at what level and when the boom will end. but end it will, as unlikely as that seems at the height of manic bull market euphoria.