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 : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: dvdw© who wrote (15287)	12/3/2002 9:09:49 PM
From: lurqer	Read Replies (1) \| Respond to of 19219

Sorry that I wasn't clear. Historically once you have fallen off a mania peak, you don't get back to that level in the subsequent decade plus secular bear market. In the '70s two factors conspired to apparently change that. First - the mania peak itself was not greatly extended like the '29 and '00 peaks. Secondly - the massive inflation produced prices that although virtually identical to the '66 peak were worth considerably less. Thus (IMO) any rally within the Plunge stage of the current secular bear market will not reach the '00 levels - thus Dow 9000. Given that the mania was more concentrated in the Naz and given the delisting that has occurred since '00, I see little chance of it approaching it's '00 levels for a long time. As before JMO. lurqer