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.

Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.) -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (1810)	9/6/1998 2:47:00 PM
From: Prospector	Respond to of 3414

Off Topic Sanguine SGNC...... members.aol.com Prospector... ( Slow right now... but the mice testin is comin right up)

To: Arthur Radley who wrote (1810)	9/6/1998 9:28:00 PM
From: Sam	Read Replies (2) \| Respond to of 3414

The book I recommended recently, "The Roaring 2000s" by Harry Dent, Jr. was written in 1997 and published early in 1998. Although I read a lot, I am just getting around to this one. I have kicked myself all weekend. Let me quote and you'll see why. "I recommend investing heavily on any substantial corrections in 1998. Furthermore, I recommend investing fully on any correction in which the Dow drops to the 7200-7600 range (7400 DJIA on Sept 1, 1998), which would represent the lower side of the Dow channel, fig 12.3.... The most likely time for this (substantial correction) to occur will be between May and August of 1998 (Sept 1) or at the latest between October and November..... If the Dow can keep from breaking below 7400 on a monthly closing basis in the next 4 year (presidential) cycle low,... then the first (lower) channel of growth for stocks is likely to be the minimum growth trajectory in the next decade. This should create a peak Dow of around 21,500 (around 2008)..., A break below 7400 down as low as 6200-6300...would favor the more aggressive (upper) channel(35000 DJIA)." PAGES 291-296 Basically he is saying the next couple weeks will determine if the turn is from 7400 or 6200. If we break 7400 we're going to 6200. My scenario currently goes like this: 7400 is the turning point. PPI and CPI in the next week and a half will be down, Fed will ease .25 when the CPI comes out. That would put big buying pressure on a lot of people to get back aboard. Japan will put it in gear to stabilize their economy around 15000 N225. I don't want to tip off the ending to the book but the Depression doesn't start until after 2008 and goes to 2023. Worthwhile reading. Sam