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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (50938)	4/10/2001 7:58:05 PM
From: Gary105	Read Replies (1) \| Respond to of 94695

GZ and Bill First GZ, whats your basis for the rally? is it a fear induced rally (contrarian)? other? oversold?? Now to both: would like your comments on the following scenario - Bill predicts Nas of 500 based on analogy to 1929 to early 30's. Taking analogy a step further, the market did not go straight down. it tanked 48%, recovered 48% then tanked 86%. Naz tanked about 67% from peak, 67% recovery would put it at 2850 - an earlier point of support, now a key resistance. The key point is that the market can mimic the 1929 - early 30's have a considerable rally and then fall flat on its face (or it can rally and hold). Comments welcome

To: GROUND ZERO™ who wrote (50938)	4/12/2001 1:24:02 PM
From: blitzfund	Read Replies (1) \| Respond to of 94695

Hi GZ, Yes the DOW and S&P have rallied quite nicely, I might have been more convinced if it had been nice and slow. Unfortunately, this sharp rise could reverse just as quick. IMHO I just don't see the market letting everyone off the HOOK that easy. This leads me to believe that Bill may be correct in his assessment that we are in for a drop, although if the Markets drop I think it will be BIG KAHUNA style. (1,000 points on the DOW and 100 points on the S&P) that way not giving anyone a chance to get out. BLITZ PS. I know this sounds bleak, and I really feel sorry for some of my friends that have been caught up in the RETAIL market jargon.