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To: hunchback who wrote (32712)4/28/1999 8:12:00 PM
From: sea_urchin  Read Replies (1) | Respond to of 116779
 
Don't believe it. Look at these monthly charts of Dow, S&P, Nasdaq last year, as and after they cracked.
decisionpoint.com
All support lines broken and the graphs are in free-fall. Anyone can see that --- even with his eyes closed. Don't need a clock to tell the time. In fact, no clock would have told the time! All one needed was balls!

Put a piece of paper on the charts to cover from November last to now. Now say honestly if you would have believed the graphs would just turn around and go up. Yet, suddenly, turnaround and the graphs take off as if jet propelled, faster than before. In fact, the shake out gives renewed energy. Who is to say a similar thing can't happen again? Why should the next crack be terminal? Did Nostradamus say that?!

For every bearish opinion there's a bullish one
asiachart.com
For every expert who predicts the end of the world there is another who sees Renaissance and rebirth. Each person believes what he chooses to believe. The whole thing is subjective --- no tech analysis or fundamentals can predict the future. Tea leaves are as good as anything!