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Sounds like a season of opportunity to me.
Lawrence Price
"M. Simms" wrote:
> Great scenario with a couple of caveats:
>
> 1) This is the 5th leg down, not the 3rd. EWT says this is the final one.
> The Nasdaq may hit 2800, but it'll be for a hour or a day.
>
> 2) Yeah - 401k money will come out of the market and go into.....????...
> Maybe Treasuries with a terrific 6% yield that is going towards 7% as prices
> plummet ?
> Investors are now acclimated to 10%+ returns per year....some want 25%
> returns.
> I don't think money market rates are going to get there anytime soon.
> Thus, those who pull out stocks and convert to cash, will just have to use
> it for wallpaper.
> Gold's a great investment too.....right !
>
> 3) the Fed will stop playing "bad boy" after June or July......the ALGORE
> contingent will put Greenspan into "never-never land" until December...AFTER
> the elections, they'll bring him back.
>
> Prediction:
>
> 1) more fear and high vols - another Nasdaq low (May)
>
> 2) another bounce followed by side-ways action (June-July)
>
> 3) late summer rally into the elections (Aug-Sept)
>
> 4) yet another minicrash in mid-December (Dec-Jan)
>
> Hold onto your hats !!! It's gonna be a wild few months.
>
> > -----Original Message-----
> > From: Layne Hermansen D.O. [mailto:lahermansen@xxxxxxxxxxxxx]
> > Sent: Wednesday, April 19, 2000 4:44 PM
> > To: omega-list@xxxxxxxxxx
> > Subject: Market Direction - Nasdaq - personal commentaries
> >
> >
> >
> > Where are we headed? That's the question everyone is asking more so now.
> > On the Chart, it looks like we just experienced the bounce rally from the
> > second leg down.
> > Question going through my mind is when we start the third leg
> > down, how far
> > we
> > going? It looks like we have some support at 2861, which should give us a
> > nice bounce
> > off that. But if the general population starts pulling money out
> > of 401ks,
> > we'll most likely
> > return to the 10 year trend line, Naz 1800, but with inflation, would put
> > us near 2200-2400.
> > That is a bullish trend line for the long term and it looks like all major
> > decade rallies take off
> > from that line as well.
> >
> > The third leg down, if it happens, isn't going to be pretty. I
> > liked what a
> > NYSE floor trader
> > said, people will soon find their 401k's turning into 201k's. And for
> > those who watch
> > the Etrade commercial, that guy will be cured of money coming out of his
> > waazzzooo!
> >
> > The stocks I follow going up, are going up on little volume.
> > Where are the
> > buyers for follow through? Sure there's traders, but they are not acting
> > commitedly and are jumping out on any sign of weakness. Smells
> > like a BEAR
> > TRAP.
> >
> >
> >
> >
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