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For us baby boomers
we need this 401K in 1-8 years to live on,, and timing is important because
if we have a repeat of 1973-1983 were the Dow was
for 10 years later at SAME level,, we must sell at tops and buy at bottoms
difficult task but a NECESSARY one,
happy trading
Ben
----- Original Message -----
From: <kamchand@xxxxxxxxxxxxxx>
To: <gannsghost@xxxxxxxxxxxxxxx>
Sent: Friday, August 24, 2001 8:57 AM
Subject: [gannsghost] Re: For the doomsayers........
> If you fear an upcoming crash, you may be wasting your time.
> Every forecaster who sticks steadfastly to an opinion for a extended
> period will regret it. Every one's wrong now and then.
>
> If you look at the past history, the markets rises for about 18 years
> or so and at worst crashes for 4 years.
>
> 1. From mid 1890 until 1929, market generally rose,ie up for 35 years
> then fell for 3 years
>
> 2.From 1932 it rose until 1937, then fell until 1941 - ie up for 5
> years and down for 4 years
>
> 3. From 1941, it rose until 1965, then went sideways until 1982.
> ie, up for 24 years then sideways for 17 years
>
> 4. From 1982, it rose until now. Market is still within 10% of all
> time high. Ie bull market now running for 19 years.
>
>
> (Market is Dow Jones Industrial Index, other indices like Transport,
> Nasdaq, Tulips, etc, all come and go )
>
> The trend for the last 100 years is clearly up, do you honestly
> believe that society will go backwards , ever ?
>
> Growth, eternal growth, is the way things are, dont buck this trend.
>
> Money is made in the long pull trade, dont overtrade, dont trade in
> and out. Thats the advice I got from Gann books. It is suprising how
> many of you are trying to trade against the way Gann advised.
>
> I remember August 1982... the market started its greatest ever bull
> market . 19 year anniversary now. Hum, any one for the eclipse cycle?
>
> Thank you for listening, I will go back to my usual lurking again.
>
>
> Sincerely,
> Kam Chand
>
>
>
>
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>
>
>
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>
>
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