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

To: Tommaso who wrote (5096)	4/12/2000 5:08:00 PM
From: Rarebird	Read Replies (1) \| Respond to of 5676

There are retracements that fill gaps. When the NDX gets to 3200, it will most likely fill the gap to 3700 before it heads lower again. A 50% retracement from the September 98 low of 1200 to the most recent high of 5150, puts us at about 3175. A close below that level qualifies this Bear as a Grizzly. By that point, Greenspan will probably be in the radical easing mode, a recession should be imminent and the most hated precious metal which has been in a bear market for 20 years, may finally wake up. I would also expect major tax cuts to get implemented to try to prevent what happened in Japan. Maybe that won't really help as many people will be bankrupt. If this continues, a second great Depression is possible.

To: Tommaso who wrote (5096)	4/12/2000 5:23:00 PM
From: Gary Sanders	Respond to of 5676

Very well put! Even in the bear groups are people looking at a quick bear mkt bottom & quick bounce upwards that they can ride. It is incomprehensible to them that real bear markets can and do last years. I don't really want this to happen either as it will be a real hardship for many. I just realize that not only is this a possibility, it is an inevitability. The question that I or anyone else can't answer is when it will happen. Could have already started or may not start for a few more years.