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To: skinowski who wrote (8945)10/11/2008 1:14:59 AM
From: Galirayo  Read Replies (4) | Respond to of 41419
 
I hate LOG Charts ..

But Hey .. I'll look at both types.

Here's the Old Post with a Linear Chart .. Flying the Kite.

Message 24696718

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And the Update on LOG.
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>>
As for talking heads and all other bulls - you need 3 factors in order to have people become deeply disappointed and turned off and pessimistic towards equities <<

Can I add CEO's that lie thru their teeth and say everything is fine .. we don't need to raise capital .. we'll meet Earnings expectations this week ?? And then Dilute Shares and Miss Estimates next week .. and then go Belly up .. Like Bear and Lehman .. and AIG .. and .. and ..

Log Charts can Skew my lines. 1987
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And Line Compression so it can't be seen on a LT Monthly chart.

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Anyway you look at it .. it's had the 5 count .. so you're correct .. it certainly will take time ...

To Restore Confidence in the Banks and Financials.

Wait till Earning Estimates are continually lowered .. and the Printing Presses begin to Roll out more Paper.

We ain't seen Nuthin Yet ..



To: skinowski who wrote (8945)10/11/2008 12:45:37 PM
From: jaker  Read Replies (2) | Respond to of 41419
 
I remember Black Monday 1987 very well... It was the day my wife asked ( when I came home)... " Well, How much money did you lose Today" lol

As I recall, The falling knives dropped fast and furious, but it tooks a few months to gain confidence back...