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Well, I don't know if we are in 1929bis or not, but even the strongest
trends may break down out of the blue:
Look at Softbank and Hikari Tsushin, in Japan. Even blue chip net stocks may
lose 50% from the highs on no news...
I know, because, remember I lighted up on Nasdaq few weeks ago..., well many
of those I sold rose, those I kept sometimes rose, but many fell, like
Softbank... Fortunately I also bought some others which did OK, which
compensates...
Question: What is your best strategy for exiting net stocks so that one
reaps most of the upside without sacrificing too much on the way back down?
Gwenn
Earl Adamy wrote:
> Some months ago I posted a pair of charts for the pre-29 and current
> periods with some 20 years of history from the last major retracement on
> each chart - around 40%. The charts featured the percentage retracement
> of each significant dip. The two sets of charts show the same pattern of
> decreasing percentage retracements. This bull pattern is longer. The
> post-29 chart shows a series of increasing retracements. There is little
> doubt in my mind that eventually the post-current chart will follow the
> post-29 chart, however I'm not ready to call a top until I see the
> whites of the bear's eyes.
>
> Earl
>
> ----- Original Message -----
> From: "Marlowe Cassetti" <marlowec@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxxxxxxxxxxxxx@realtraders.com>
> Sent: Thursday, March 09, 2000 9:55 AM
> Subject: [RT] Re: Of 1929 and chart patterns...
>
> > Interesting pattern of similarity. How does it look if you did it on
> a log
> > scale?
> >
> > ----- Original Message -----
> > From: Gitanshu Buch <OnWingsOfEagles@xxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, March 08, 2000 2:54 PM
> > Subject: Of 1929 and chart patterns...
> >
> >
> > > > Maybe not, but we are back again to the 1929 scenario
> > > > When I don't know. I just do what the charts tell me.
> > > > Any more depressing news and I may hang it up for the week.
> > >
> > > Ira,
> > >
> > > Its called "you asked for it" <g>
> > >
> > > Here's a chart pattern for the historically inclined...
> > >
> > > Take it for what its worth. Haven't seen one of these since the bad
> old
> > days
> > > of 1997 when we had similar looking HKSE comparisons galore on RT
> and on
> > the
> > > web.
> > >
> > > This is partly in jest, partly a dead serious FYI.
> > >
> > > Gitanshu
> > >
> > >
> >
> >
> >
> >
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