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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (1030)2/27/1999 12:31:00 PM
From: bobby beara  Read Replies (2) | Respond to of 3543
 
#3b -g- The Nutz index will correct 40% from the open on Monday because:

1. EBAY is the final of the gang of five to split and complete the distribution cycle. quote.yahoo.com

2. Motely Fool a 1996 famed fundamental PEG ratio investor announced they are buying EBAY this week and the hordes of online FOOLS will follow, creating an incredible short covering rally (this may have already taken place and the top is in already)

3. On an Elliot basis we have five waves up in EBAY from the recent low.

4. On an Elliot basis the first five wave move down in YHOO, CMGI & AMZN off the 1/12 top was the first impulse wave down, and we are now completing a corrective ABC countertrend rally. The next move down could equal or surpass the first impulse down.

5. Several key bellweather TECH stocks have broken trendlines on big volume. The coming correction will trigger major margin calls taking every tulip down with it.

6. YHOO has a triple declining stack formation, evident in many mania topps, IOM topped this way in 96.

7. Because I said so -g-

DEFCON 3 has been raised to DEFCON 5.

GET OUT AND GET SHORT!