machinehead Posted March 24, 2003 Report Share Posted March 24, 2003 "AL SUX" would just about fit. Though if my hairline recedes a little further, I could fit in some more letters. Link to comment Share on other sites More sharing options...
chibear Posted March 24, 2003 Report Share Posted March 24, 2003 Thanks, k wave. Great charts. I took the liberty of saving to disk your 1929 chart. Best one I've seen. Link to comment Share on other sites More sharing options...
chibear Posted March 24, 2003 Report Share Posted March 24, 2003 Thanks also to Dogboy for a very nice piece. Dogboy wrote: "Here's a challenge for you: Are there any examples in ALL OF HISTORY of literally BACK TO BACK bubblemanias in the SAME asset ?" I don't think so, unless you include commodities. But, it doesn't have to be a bubble to score pretty good if k wave is right. There are some really great tech companies out there that are probably the future of our economy. The bubble buyers were right on these stocks, just a little early. Some obvious names might be MSFT, CSCO and INTC. Link to comment Share on other sites More sharing options...
Miss Moneypenny Posted April 23, 2003 Report Share Posted April 23, 2003 Posting to bring this back to the front so people can take another look. Link to comment Share on other sites More sharing options...
Guest Posted April 23, 2003 Report Share Posted April 23, 2003 CHECK THIS OUT!!!!!! http://www.urbansurvival.com/week.htm Link to comment Share on other sites More sharing options...
K Wave Rider Posted May 4, 2003 Author Report Share Posted May 4, 2003 Charts above have been updated. Link to comment Share on other sites More sharing options...
Metamucil Posted May 4, 2003 Report Share Posted May 4, 2003 Thanks, K Important warning, even though the longer cycles are likely topping. I would love to see the long (6, 12, 18, 48 month) cycles during those periods in Japan and the US in '33. Nevertheless, I never diss the golden 50/200 crossover and will not short this 'vermin' index or its components aggressively. Techs are badly hated....another warning. Still a high-risk dong area....? Mainly focusing on indivdual stocks in NDX. There are some good bases..... Link to comment Share on other sites More sharing options...
K Wave Rider Posted May 4, 2003 Author Report Share Posted May 4, 2003 Meta, Impulse moves on a new bull leg will get overbought and STAY overbought, thereby keeping everyone too afraid to buy, while the market just keeps going up. If this is the beginning of such an impulse move, the pullback should not be too severe. In fact, it might be sideways or even slightly up, while the oscillators back off somewhat. If this is a major top, as many indicators are suggesting, we should get a pretty rapid rupture from here and get back below the MAs before they start spreading out to the upside. The next few weeks will tell us much, methinks. Scully posted some nice cycle stuff that has a whole bunch of lows coming May 12- 13. I unloaded the last of my dongs on Fri, will be looking to add selected issues in mid May, unless we are below NDX 1000 by then. Link to comment Share on other sites More sharing options...
DrStool Posted May 5, 2003 Report Share Posted May 5, 2003 Uh.... I don't think there were a whole lot of bulls around in July 1933. In fact there weren't a whole lot of anyone around. Link to comment Share on other sites More sharing options...
Yoshaviah Posted May 5, 2003 Report Share Posted May 5, 2003 The current theory is that the ESF, in letting the dollar fall, has redirected some of its funds to support the market. I don't doubt it one bit. Link to comment Share on other sites More sharing options...
K Wave Rider Posted May 5, 2003 Author Report Share Posted May 5, 2003 Somebody was doing some buying as the market doubled in 12 weeks. Hmmm, guess it musta been da bears. :grin: Link to comment Share on other sites More sharing options...
DrStool Posted May 5, 2003 Report Share Posted May 5, 2003 My point was that the rally sprang from the most extreme levels of bearishnes in history. Volume had dropped off by some enormous percentage. Link to comment Share on other sites More sharing options...
Guest Posted May 5, 2003 Report Share Posted May 5, 2003 Somebody was doing some buying as the market doubled in 12 weeks. I don?t know about 12 weeks but I have a theory about where the money came from for the last leg. Goldman produced some very respectable results given market conditions towards the backend of last year. Closer investigation revealed that this was due to their proprietary trading activities, in particular in commodities and currencies. The talk is that anxious to replicate this stellar financial performance but loathe to advertise the way and means, the rest of the Street piled heavily in to proprietary trading in a big way and of course leapt on to pretty much the same bandwagon. Now if you overlay the CRB and dollar indices with the S&P 500 and pay particular attention to the beginning of March you might be forgiven for assuming that this apparently substantial and freshly committed capital simply moved from one hot trade to another. Link to comment Share on other sites More sharing options...
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