Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (5602)	4/23/2002 1:01:13 PM
From: Arik T.G.	Read Replies (2) \| Respond to of 5676

Look here bigcharts.marketwatch.com What I see is a giant ED from the 1998 low Can you come up with a different interpretation to this chart? Now the count of the ED bigcharts.marketwatch.com An abc 1 from the 1998 low to the 1999 high An abc 2 from the 1999 high to the 2000 low An abc 3 from the 2000 low to the 12/2000 marginal higher high An abc 4 from the 2000 high to the 2001 low An abc 5 from the 2001 low till now bigcharts.marketwatch.com A of 5 From Sep 2001 to Jan 2002 B to the Feb low C in the making already had one leg up and a correction, so one or two more pushes up to a new marginal high and the Kiss Of Death (Bart Simpson comes to mind). Target? Look at the bigger scale chart again- IMO something between 400-450 will mark the bottom of the 1st giant leg down. A 60% crash in the BKX IMO will cause almost a similar drop in the S&P. Game plan Short the banks, SPX and buy OOM OEX puts 6 months out (even better - NYA puts) as soon as the BKX makes a new all time high. ATG