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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (1108)8/12/1998 5:25:00 PM
From: Terry Whitman  Read Replies (1) | Respond to of 3339
 
Well, the bulls won out today- Haven't figured out if this was a technical bounce or the start of a new rally yet. Recall:

<< 4. Bubbles always go up hard at the end and crash hard. Any pause or small dip in the growth rate is unstable and will be followed promptly by an up spike (more likely) or the crash. Thus "buy the dip" is usually very profitable, dips are not the crash, the real crash will be painfully obvious.
5. The base of the bubble narrows at the top. At first the best tulips go up, then all tulips go up, at the end a select few tulips go ballistic. Then all tulips crash together, usually there are
one or two dead cat bounces. >>

Crash not painfully obvious yet, except to those of us holding small- caps long.



To: Les H who wrote (1108)8/12/1998 8:34:00 PM
From: Moominoid  Read Replies (1) | Respond to of 3339
 
Isn't Robert Prechter calling for Dow 1,000?

Your messages recently have been getting a bit cryptic for me!