Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Amelia Carhartt who wrote (39751)	4/28/1999 9:56:00 PM
From: P.Prazeres	Respond to of 94695

To put things in historical perspective: Back when this thread started (Feb 2, 1997) , the Dow closed at 6806.16. The Nasdaq closed at 1376.05. The Dow is up 59.3% since then....the Nasdaq up 85.3%. Just to get back to initial levels, the Dow would have to drop 37.2%, the Nasdaq would need to drop 46.0%. Now that would be a Kahuna....but it would only get us back to square one. I've heard the wave theorists talk of the 5th wave over and over and over and over again....for a while back then I really believed it...but then i got burnt and started to think that something is missing in a drastic way with their analysis. I used to hear of the wonders of Fibinochi (sp?) and was amazed at how intricate that analysis was....but how many times does that need to call for a crash before some says "crying 'WOLF' again?" point and figure, line cluttered charts, stochastics, accumulation, distribution, etc, etc... In their own little way, they all make some sort of sense but not entirely on their own and not by themselves as a group. You see, there are other things that matter. The economy, consumer's spending habits, interest rates, earnings, the computer and internet revolution (still in its infancy, IMO)...i.e., the fundamentals. Oh sure, there will be corrections and there may even be more crashes...we are plagued with repeating our mistakes....but we are also fortunate enough to learn from them. The reality lies somewhere in between. Paulo stockmotions.com