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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: blackprince1234 who wrote (54137)5/8/2010 9:53:34 PM
From: da_cheif™  Read Replies (4) | Respond to of 207304
 
IVE got his letters.....in the spring of 87 he was promising dow 3600......he was on the cover of barrons in jan with that prediction....in the summer of 87 in one of his letters he sed...."I give the odds of a crash as 10%.....within hours of the bottom of the lows of the october crash he gave a sell signal......and at the lows he sed...."I give the odds of ever seeing 2700 exceeded as 10%. and in the unlikely event that it is the euphoria will be so hi as to surely cause a market crash."......the 4 year cycle low in oct 1990 reinforced his bearishness ...remember aj jack frost????......lol....in 1994 in an interview in barrons around dow 3500 he sed..."If the dow ever exceeded 4000 it would prove that i didnt know what i was talking about and that nobody shud ever listen to me again""......the guy is certifiably insane. snort

there was only one market letter writer that i know of who predicted the 87 crash.....with a chart of the coming crash and a sell signal at the exact day of the hi in august 1987