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To: Gary Wisdom who wrote (7835)10/3/1998 1:30:00 PM
From: MileHigh  Read Replies (1) | Respond to of 93625
 
Gary,

Great article! Was that a bullish article from Barron's? <g>

MileHigh



To: Gary Wisdom who wrote (7835)10/5/1998 12:45:00 AM
From: Dr. Id  Read Replies (1) | Respond to of 93625
 


I don't want to push the 1929 scenario too far. Still, comparisons may prove
useful. After the October Crash in 1929, a month long rally ensued, much like
the one we just witnessed in September. Then a successful test of the lows
took place before the rally resumed. If history is repeating, the scary market
plunge last week should prove to be the good buying spot implied by the
option indicators herein.


However, if history IS repeating, shouldn't we ride this "good buying spot" to the price of recovery and then get out? 1929 was followed by a large rally, but then the market tanked for years. Just wondering if you think just the immediate scenario is repeating or the whole bear market of the 1930's.

JB