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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (49171)	5/1/2004 12:40:16 AM
From: Taikun	Respond to of 74559

Good thinking. Why wait to cash in at the end of Corrective Elliot Wave #3, when you can make money throughout Corrective Elliot Wave #2.

To: TobagoJack who wrote (49171)	5/1/2004 12:54:31 AM
From: Taikun	Read Replies (1) \| Respond to of 74559

Time to dust off Hamilton Bolton (the Banker and Elliot Wave 'expert')? I believe he wrote this in 1957 In reading a history of major depressions in the U.S. from 1830 on, I was impressed with the following: (a) All were set off by a deflation of excess credit. This was the one factor in common. (b) Sometimes the excess-of-credit situation seemed to last years before the bubble broke. (c) Some outside event, such as a major failure, brought the thing to a head, but the signs were visible many months, and in some cases years, in advance. (d) None was ever quite like the last, so that the public was always fooled thereby. (e) Some panics occurred under great government surpluses of revenue (1837, for instance) and some under great government deficits. (f) Credit is credit, whether non-self-liquidating or self-liquidating. (g) Deflation of non-self-liquidating credit usually produces the greater slumps. lynncoins.com