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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: exp who wrote (1369)	6/1/2002 2:00:00 AM
From: Jeff	Read Replies (3) \| Respond to of 30712

i don't know if i agree with that george.... gold was rising long before this nuke thing got hot....and nasdaq has been dumping since 2000 and "has got to retrace a bubble no matter what else happens"..... and what was the excuse for the ramp off the sept bottom.... climb the wall of worry.....nothing but worry now....and nasdaq sure isn't climbing... all these things happening to nasdaq and gold...was in the cards the minute the bubble started....and now...things are just "happening" like the way things just "happen" in a bubble retrace.... you can throw fear of war in....you can try and pump semi stocks like they have done the last few years...you can get all these little pockets of hope a few times each year.... and the bottom line is still this.....none of it matters... because the bubble will retrace...and thats why all the good news over the last 2 or more years has meant absolutely nothing to the big picture..... and remember....folks used the excuse this would not have happened if not for sept 11th.... thats pure b.s....this was all going to happen this way no matter what....nasdaq was in a cliff dive long before sept 11...the fed was cutting long before sept 11th and it didn't matter..... bulls and bears fighting...doesn't matter....this is bigger than everything out there.... this is history working.....history will dictate the final outcome.....no matter what anybody can argue for or against.... history says bubbles retrace and the aftermath of bubbles can be devastating.... history says the dow-gold ratio when it tops will fall and correct to a 5-1 ratio area at the bottom.. history says gold and dow did that in the 30's....and since dow 20's-30's is the only american bubble to compare to nasdaq....at this point in time....nasdaq is retracing "exactly" in the same time frame as the dow did...and thats an exact retrace going on now for over 2-years and folks still can't see that happening...because its "different" this time.... guess what....its not different this time....matter of fact...for two years now...its been "exactly the same" as history suggested it would be.... and exactly the same through all the "good and bad" news that came each week in these two years...sept 11th...anthrax..the presidential mess..fed cuts.."don't fight the fed".... companies buying back stock...a semi stronger outlook coming.....none of it did a thing to "change" the path that history suggest we follow...and nobody can deny that because its a fact...look where we sit today.... those who fight history are doomed for failure.....is that how the saying goes... right now....history won't change till that 1759 top is broken to the upside....because that would be the first break by the nasdaq following the historic path of the dow retrace that would have a real chance to get nasdaq off the course to 800....