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RT,
Please see my previous post below regarding negative market trends
reflecting mass psychology and are precursors for negative social trends. I
referenced the March 2000 top below in connection with the 911 attacks. The
most recent information released by the Feds indicates that the 911 attack
took about 18 months to plan,
so that means the wheels for the attack were put in motion circa March 2000,
right at the top of the Bull Market Bubble.
Cheers,
Norman
> Norman Winski wrote:
>
> > ----- Original Message -----
> > From: "Dan Harels" <harelsdb@xxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Thursday, September 20, 2001 4:02 PM
> > Subject: [RT] Sell the Rumor, buy the news?
> >
> > > What are the chances that President Bush will screw up his address
tonight
> > > so bad that the very oversold markets tank again tommorow? What are
the
> > > chances that he articulates a serious, no-nonsense, confidence
inspiring
> > > message? I am not making a recommendation and my analysis is very
close
> > to
> > > coin flipping, but, it's a thought.
> > >
> > > Dan,
> >
> > How Bush does is not as important as is the perception of how he does.
> > This in large part is determined by the current mass psychology. The
stock
> > market is a barometer of mass psychology. So, look at the stock market
and
> > you should be able to forecast how Bush's will do tonight. Is the stock
> > market near support and very oversold? If yes, then Bush has a good
chance
> > of being well received. If the market is not ready to turn, then Bush
could
> > give the speech of his life and the market would still go lower. Taking
> > this theory one step further, the bear market, which began March 2000,
was a
> > precursor for the 911 attack. Bad things tend to happen during bear
markets.
> > Negative energy attracts more negatives. The opposite was true during
the
> > Bull Market Mania of the 1990s. During good times, we tend to delude
> > ourselves to think that things are better than they really are. This is
how
> > we were lulled into the complacency that made the US vulnerable to
attack.
> > During bad times, once we are past the initial disbelieve, we then tend
to
> > take the pendulum to the other extreme thinking that things are much
worse
> > than they are. The pendulum swings from one extreme to the other.
> >
> > Near term, I am looking for SPX to reach the 936 area before I consider
> > buying.
> > Next major key date that I have is Sept. 26 when Saturn turns
Retrograde. If
> > the market has trended down and is extremely oversold into 9/26 and SPX
is
> > near 936, that could be an ideal entry point for a short term bounce.
NOW >
> > 2.00 would be another plus.
> >
> > Cheers,
> >
> > Norman.
> > >
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