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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: bcrafty who wrote (110877)	12/31/2004 12:58:56 AM
From: cthruu	Respond to of 209892

That is interesting. I was simply looking at the charts and the similarity struck me - glad to have come company from the Punditry :) I do not know or follow Don Luskin and Fred Goodman. There was in fact a sharp selloff on the first three days of trading in January 2000. However, I would venture to say that while January 2005 may trade water, there will not be a sharp selloff as this Don Luskin is predicting. Nor will the markets blow off in March 2005. Look at these weekly charts and you see a major difference - December 1999 was the top of the bubble and 2004 is in the beginning of a now longer term bull wave. ttrader.com\'s%20charts&id=879&d=2 I think the current major up trend has lots of legs left. Of course, I could be wrong - I thought USD was bottoming at 82.50 :( I still think that the dollar is in a bottoming process here. Time will tell. By the way, the charts were telling me that March 2003 was a major bottom and the ensuing rally was something like August 1982 beginning of the secular bull. I posted my thoughts on our bulletin board and they laughed. They were talking about Dow 5000 and SP 500 then :) We will let the pundits predict. We will flow with the charts and let the markets do the talking.