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


To: Jeff who wrote (3288)7/10/2002 1:45:13 PM
From: t2  Read Replies (1) | Respond to of 30712
 
Jeff, As far I could tell, he really was not talking about the retrace, the way you are.

Tended to focus on how long it takes the market to break the pre-bubble highs. In the case of the Dow lows of 1930s, it took 25 years to hit a new high.
He also mentioned how the Nasdaq bubble formed and burst much faster than the Nikei and Dow.

I don't believe his comments really focussed on retracing bubbles.

So far you are the only one I noticed that is following this retrace method. This guy on today was the closest I have seen on CNBC..which is surprising on CNBC given the large number of guests they have.

Actually Ron Insana (CNBC anchor) back a couple of years ago used to put up the Nikei chart along with the Nasdaq, comparing the two. He got death threats for that!
I recall him saying on air that someone was blaming him for the market tanking in 2000.
He seems to have been someone who saw the bubble when it was a bubble....and his charts of comparisons of the Nikei and Nasdaq were really scary..they seemed so unbelievably identical!

Jeff, One question for you. If the economy does not go into a depression like the 1930s, can the market sink to the same degree?