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 : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (20939)	7/19/2002 9:10:14 PM
From: Frederick Langford	Read Replies (1) \| Respond to of 26752

Susan, Forget about any 'trustable' bottom, we've got much ahead of us before that occurs, imo. All we want is one lousy bear market rally. Is that asking too much? <g> Fred

To: Susan G who wrote (20939)	7/20/2002 1:13:17 AM
From: TWICK	Respond to of 26752

Great post Susan. A trustable and real bottom will be found on a monthly chart IMO. And it should be a W bottom that extends out not months, but years. I know it's hard to swallow for many, but such a decline we've witnessed these past years, will not sort itself out with a simple V bottom recovery as the Talking Heads would like us to believe. It will be a massive W recovery, that will take a long time to resolve. Again. Not months, but years. The Nikkei is something many refuse to look at and think that the US Indexes could languish in a trading range for the next 10 years. But. One needs to at least take that possibility into consideration. And I think many of us will as time goes by and investments are still 60% under water. The boomers will see it first and they will look at the amount of time they have left to invest. Tick. Tock. Tick. Tock. Not much time left on that clock. We may have to wait for another generation to bring the bull back. The boomers will lose their passion for the markets. They may settle for safer, more stable investments, such as bonds, real estate, and cash. Just as the 60 year old lady said in your earlier post "I'd be much less upset if I was 40 and had time to make that money back. But at this age, forget it. It's gone." We may even see Tech companies offering dividends, just lure back the boomers. Your chart is telling me that we will have a few good trading opportunities while this bearish wedge forms. The Talking Heads will pump this in full force as "The bottom", and they will eat crow, like they have so many times since the bubble burst. Twick