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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (3631)10/3/1998 2:59:00 PM
From: bobby beara  Respond to of 5676
 
I believe we will rally short term, but the bottoming process is not over yet.

bb



To: GROUND ZERO™ who wrote (3631)10/4/1998 1:06:00 AM
From: Moominoid  Read Replies (1) | Respond to of 5676
 
David Stern hypothesis of an imminent crash comparable to that of 1929 and 1987

It wouldn't have to be on Monday. In 1929 the two big down days came after about another 3 days of smaller falls from looking at the chart. Same deal in 1987.

If we get 2-3 up days at the beginning of this week then the repeat hypothesis can be rejected I'd say.

I'm not fixed on any particular adjustment path but stocks like DELL etc. are still way overvalued even if they meet earnings projections and earnings projections for 99 are still way too high even without a World crisis.

David