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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (16256)	2/11/2003 10:06:00 PM
From: Dan Duchardt	Read Replies (2) \| Respond to of 19219

I'll buy stocks at 6 year lows, and you buy them at 6 yr. highs, and we'll compare notes 6 years hence. I don't want to buy at the 6 year highs, but I might not want to buy at the 6 year lows either. finance.yahoo.com^N225&d=c&k=c1&a=v&p=s&t=my&l=on&z=l&q=l Based on monthly closing prices, the NIKKIE peaked in December 1989. The first subsequent "six year low", on a monthly closing basis was in June of 1992, at 15952 down a whopping 59% from the high at 38957. Was that a good buy? Since then, almost every month has closed lower than the same month six years prior. The current level of 8485 is down another 47% from, and more than 10 1/2 years after the six year low, now making 20+ year lows. Can't happen here? Because it's never happened before? One thing is certain: buying at the all time high was worse than buying at the first six year low. I'll give you that much. I don't want to be in at either place on that chart.