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


To: William H Huebl who wrote (55788)10/18/2001 8:31:04 PM
From: Skeet Shipman  Read Replies (1) | Respond to of 94695
 
Hi Bill,
Do you remember the lead up to October 27, 1997? How was your SCYR at that time?
Skeet



To: William H Huebl who wrote (55788)10/18/2001 9:40:32 PM
From: blitzfund  Read Replies (1) | Respond to of 94695
 
Hi Bill
I asked ?
That is, are you sticking with your SCYR indicator no matter how low we go? even if we fall into your (page 3 and 4 theory)?>

Your reply was,
"Sure... why not? While most of those in NAS have nasty losses (up to 90% or more) I only have a 10% loss or so. If we do another 1929 number, that may grow to 25% or more... but remember, recovering from THAT is not like recovery from a 95% loss."

Now correct me if I have something wrong....
The Nas is down about 66% (I think) from 3/10/00 high and now stands at 1,652.72.
On (page 3 and 4 your theory) we could?? go to 500 that would be another 70% drop??
So, to get back to even (if 500 is reached) the Nas would have to rise over 300% WOW!!!. Kind of like the people looking to go back to 3/10/00 from today close. Unfortunately:(

Blitz

P.S. The point being if you think this, why in the world would you not have a back up plan? Should we start sliding down the slippery slope???? BWDIK