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


To: Moominoid who wrote (3635)10/4/1998 8:53:00 AM
From: GROUND ZERO™  Respond to of 5676
 
David,

Good morning. I wasn't actually holding you to a Monday only deadline, or at all for that matter, although I thought I read on the BK thread that you suggested that Monday may well be the day.

When I refer to the David Stern hypothesis, I'm referring in general to the interesting anniversary phenomenon and curious chart similarities that you timely pointed out and is noteworthy for some discussion. I only wish there was more discussion about it among fellow posters, but nonetheless.

I agree with you that if we get one or two up days early, even one up and one down, the likelihood of a crash, or even a penetration of the recent lows, becomes less likely at this time.

I think we'll rally from here beginning on Monday and take out the highs of the past few weeks. Then a retest once more of these lower levels, and then either it will break at that time or resume a stronger rally to year end. I suspect the latter.

I can only look around one corner at a time, but I think the markets are ready to move higher. Many stocks have made a full fib retracement and want to rally. My money is on the long side right now.

GZ