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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Monty Lenard who wrote (11824)	4/2/2001 10:54:46 PM
From: Michael Watkins	Read Replies (-1) \| Respond to of 12039

The truly amusing thing, with no disrespect for anyone losing money, is that no special indicators are required to see that anyone heavily in tech stocks has suffered the equivalent of the 1929 crash. I guess Abby did not have the ForeSight system working at 4000 although certainly she could have looked back in time at past speculative bubbles and seen the result. There should be much more concern and panic. Maybe as everyone does their taxes and realises losses as well as tax outstanding. Maybe. I'm starting to think that the move up in January, which formed a nice wedge that behaved true to form, was the equivalent of the 1931 "rally". Which of course ended up in much lower prices in 1932. On the other hand, SPX and INDU could fall a lot more too. Musing...