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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (40195)1/6/2001 2:34:59 PM
From: hobo  Respond to of 42787
 
Mark Twain, said history doesn't repeat itself exactly, it rhymes, you have two rhymes compared there already, the 29 dow and the 89 nikkei, whether this is another rhyme going on here or not is just a subject for speculation and debate, but history is a good teacher, it's a required subject in grade school -g-

indeed it is, just remember that history is not poetry, therefore it does not even have to rhyme. -gg-

whose version of history you are learning from will determine if you can apply it to current events.

more importantly, which version of current events are the real facts ?

bottom line ?

why did the fed cut rates the way they did ? the answer to that could lead us to a clue of what's ahead.

my guess ?

1. answer to the above is I personally do not know.
2. where is the market going ? most probably side ways with fairly strong down bias, however very volatile, unpredictable and violent movements either direction. in all times of history there are messiahs to the rescue who will do the impossible to "save the financial world".

speed at which capital moves these days will play an important role. i am keeping an eye on the US Dollar, which i believe it could be a guide as to where the equity markets may go.



To: bobby beara who wrote (40195)1/6/2001 2:46:00 PM
From: Tai Jin  Respond to of 42787
 
During 1996-1998 the naz made lows which formed a ~14% growth trendline (on a weekly log chart). In 1999-2000 it never came close to this trendline, but it's clearly evident that the naz is coming down after a blowoff top. I would not be at all surprised to see the naz touch this trendline this year where it would be in the 1700-2000 range depending on when it happens.

...tai