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

To: bobby beara who wrote (3728)	10/27/1998 11:59:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 5676

Bobby Beara: << I'm hoping that we are not in a blow off 5th wave. >> I don't think so. Some of the small caps I track are presently heading lower. This is the Bull's opportunity of a life time right here and now. It will end up disastriously for the Bulls in 99. I have a different orientation than you: I am primarily NOT a Short Term Trader. I build my positions in industries and stocks where the short term outlook is negative but the Intermediate term outlook ( 6-9 months out ) is extremely positive. I am usually wrong over the short term but make a mint over the intermediate term. I buy aggressively by building my positions slowly over the short term. I see a major Gold spike in 99. The time to buy these gold mining shares is now. They will probably trade lower over the short term but they will be big time winners in 99. This is the group to accumulate now while people are howling. I did the same thing with MO back in May and June and made a fortune being long the stock during the Bear Market! Personally, I hope the Market Blows off right here and now: I don't think it takes much insight to realize that we will be much lower at this time next year. We are in a period of the most wildest speculation in the history of the stock market. Very few people care about valuation: just make money short term. If it goes up, buy it. The global economic situation is a disaster. I make much less trades these days and make a lot more. Buy Gold now for a tremendous rally in 99. The Grizzly Bear is still alive and well. Bobby Beara, your wildest Bearish Dreams will come true in 99.We are now in Major secular Bear Market. The Bull is Dead, Bobby. Prechter will be proven right. Arik is correct in principle. I never disagreed with the principles of this thread. The time is becoming ripe right now in the Bull's last gasp!

To: bobby beara who wrote (3728)	10/27/1998 12:08:00 PM
From: Rarebird	Read Replies (2) \| Respond to of 5676

Let all these Central banks cut interest rates big time! You know how restrictive Monetary Policy has been. When the Fed funds rate and Discount rate gets below 4% watch out for Gold. Look at 99! Forget about the day to day insanity. It's over for the Bulls! It is all a Big BEAR TRAP!

To: bobby beara who wrote (3728)	10/27/1998 5:04:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 5676

Hey bubba, I hope this doesn't make you nervous, but I just took profits on my long positions after three weeks. I'm now a bear, ain't dat a bear? hehehehehehehehehe GZ

To: bobby beara who wrote (3728)	10/27/1998 6:08:00 PM
From: Moominoid	Read Replies (3) \| Respond to of 5676

Triangle on Amazon I just happen to have Edwards and Magee's book open in front of me on p203. The daily chart there (Martin and Parry 1945) looks just like Amazon's weekly chart with a massive 6 month flag. I don't know enough yet of this pattern TA to know if that makes any sense. BTW I just got this book out of the library and they were pretty lazy doing revisions. Some parts of the text refer to 1948, some to 1956, and some to 66. The latest version has a few 80's charts thrown in. I guess it all makes sense if you're coming to it with a sense of stock-market/economic history etc already. One of their claims is that the patterns don't change that much over time. Some of the typical formations I see on charts now are just not discussed unless I just am interpreting them wrong. David