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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: MythMan who wrote (3775)5/20/2001 12:49:19 PM
From: westpacific  Read Replies (1) | Respond to of 74559
 
Massive overbought conditions in the market right now, every chart confirms it. If we get a bull run next week this is confirmation that Greenspan has succeeded in reinflating the bubble.

The DOW IS NOW IN A BUBBLE, MASSIVE. PEs are to the moon. If this trend continues the upcoming slide on the backside of these rate cuts will be much worst than the slide of 2000.

Get ready for the fun, the games begin within a window of 5 to 6 weeks. Look for a pullback next week, or should I say pray - for the health of this market. Then expect a possible rally into June what with more Fed insanity on tap for end of June and massive liquidity floating this market up.

July on is when the fireworks could begin, or if we break outside of 2268 to 2300 - the bubble will inflate all over again.

The Fed is running out of ammo, many techs have not recovered, the NYSE has now become the bubble (like the NAS in 2000) - insanity in so many charts. Inflation is heating up, insanity still reins on the consumer spending front, the real estate bubble continues to inflate. Wait till the FED has to turn and go the other way - they are praying they can stop the recession before that happens. Everyone is praying on better 3Q and 4Q revenues - what happens when this does not transpire. One day event still looms if one is willing to be heavy long, never forget 1987 and that 22% DOW drop.

Tread carefully if you chose to trade.

West



To: MythMan who wrote (3775)5/20/2001 12:50:01 PM
From: elmatador  Respond to of 74559
 
Yes, perhaps. But we should open one about the impending revenge of the Old Economy. We need to change the focus onto that.



To: MythMan who wrote (3775)5/20/2001 12:52:13 PM
From: westpacific  Read Replies (1) | Respond to of 74559
 
MythMan - the battle is just starting, this thread will be laughing at all you fools at someday in the not too distant future.

Bear markets do not end in one year but take many moons to play out. The cycle has just begun.

Fools getting sucked back into market with their cash so the smart money can get richer on the backs of gulliable pocket books. Those on this thread are of the smart money camp.

You of course are one to the gulliable.

West



To: MythMan who wrote (3775)5/20/2001 3:14:58 PM
From: yard_man  Read Replies (1) | Respond to of 74559
 
No way, Jose -- read the thread header again:

The Coming Financial Collapse of 2001

If your range is still good after having been violated temporarily, a little while back, then we can still talk about this subject and we've got plenty to say until December 31, 2001 ... or the Myth -- whichever comes first.

Also, get ready -- your range is going to be violated severly from both sides <g>

What's that option strategy where you sell short the OTM call and the OTM put? -- why don't you go place some bets on your range, or worse yet, your favorite sports team? <vbg>