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This is more than a blow off a bubble. This is a grand.. daddy bear with
the longer term cycles all pointing down... coupled with a major peak in the
US$. So even while Americans are waving the red white and blue ..the
foreigners are selling into any rally attempt and that will continue. I'll
make a prediction that will bring up some discussion. I predict that GE
will find a low minimum $12 and between $7 1/2 and $9 a share probable in
the last half of next year :-)
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, September 18, 2001 7:40 PM
Subject: Re: [RT] DJIA & SPX Key Levels and Long Term Forecasts - NW
> I should also say I do not think this list is a "1929 convention" as you
> have billed it. Posts from various perspectives are only reporting what
> their charts or techiques, indicate. They do not "want" the market to go
> down, many are just reporting what the indicators say presently.
>
> Valuations are still expensive for many stocks if you chose to look at the
> fundamentals. As Earl posted some time ago when GE was still in the low
> 40's, "the mothership", what happens when it starts to fold. The economy
> which was weak before, has taken a severe blow and the outcome of lower
> prices will "likely" occur (has occured). Earnings past and present just
> cannot support these prices. In that regard CNBC has done a dis-service to
> the American public.
>
> I am reminded of what my good friend (and partner) who worked in the pits
> for 11 years, mentioned yesterday, "in bear markets these bad things
always
> seem to happen".
>
> End of the world no, just a long awaited correction to a parobolic bubble
of
> historic proportions. I have always favored the long side but when I look
at
> my trades, the short side are the winners generally, that in itself tells
me
> something.
> don ewers
>
> ----- Original Message -----
> From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, September 18, 2001 12:21 PM
> Subject: Re: [RT] DJIA & SPX Key Levels and Long Term Forecasts - NW
>
>
> > Humor? OK, next time I'll add some Elliot Wavery.
> >
> > As for my prediction, given that we recently had a convention of the '29
> > Club on this list and SOME PEOPLE are now predicting that the end of
> United
> > States is at hand, I predict that yesterday was the bottom and we move
up
> > slowly from here.
> >
> > Then again...recent events may have destroyed consumer spending which
was
> > the only thing keeping us out of recession, so we may continue down.
> >
> > Or capital spending could recover as consumer spending falls off and the
> > market may just move sideways.
> >
> > There. That's my prediction.
> >
> > I didn't spend nearly as much time working on my prediction as you did
on
> > yours, but they're both worth about the same thing.
> >
> > Kent
>
>
>
>
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>
>
>
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>
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