The End Posted January 19, 2003 Report Posted January 19, 2003 http://aegeancapital.com/freeservices/arch...Ehrlich/pg1.htm Hey, I'm a realist. i don't know what this guy is but, he has been around a long time. Maybe he is senile :grin:
gruff Posted January 20, 2003 Report Posted January 20, 2003 Earlick said *exactly* the same thing in January 2002 (on MktViews). Using *exactly* the same H&S pattern. Using *exactly* the same annoying condescending tone. Earlick was back on MktViews in mid-year after his reverse H&S predictions were proven horribly wrong... and he had to eat dirt. He is incapable of providing a few reasons as to why de mkts may go down; yet can rattle off a dozen reasons why his bullish predictions will happen. *Exactly* the same as he did last year. He seems blind to seeing the 'normal' H&S patterns on the charts. I learned Earlick is nothing but a perma-bull. Some people never learn - even after 30 yrs experience.
DogBoy Posted January 20, 2003 Report Posted January 20, 2003 I rarely listen to the real bullish guys that Ike has on his show. They just don't make any sense. How can anyone seriously beleive that a Bear market that has just begun is suddenly going to be over ? Especially when you look at the major market tops that occured all over the world in Mar 00. To me March 00 was a watershed event in all major markets. It was a blow off top that will last for generations. Bear markets don't end until ALL investors have given up and people hate and despise sotcks and anything related to stocks. A good sign of a Bear market bottom can be found in politics. When you sse socialists and commies rising in power and public acceptance then the Near market low is here and it's time to start accumulating stocks again. To me the election of Hillary in Nov 2004 will mark the bottom if it happens. Look at the 30's where the rise of Huey Long and Gus Hall parralelled the bottoming process in stocks. And the fall of Long and the commies occured as the markets were recovering. Hillary will mark the bottom. If Dubya is re-elected (doubtful in my opinion) then the bottom will be stretched out to 2007 or so. I also doutb that. My gut feeling is that we're going to see a much swfiter bottoming process that anyone imagines. I think that Doc and most other Bearish anal cysts will in retrospect be seen as too conservative in their long term outlook. We could also see a Super Cycle bottom (Dow 3000) followed by a cyclical Bull and then the Grand Super Cycle bottom (1000 or less, maybe ZERO) a couple of years later. I suspect that this is a Grand Super Cycle which won't be recognized as such until its a "feta compli" since noone alive has ever seen one.
Recommended Posts
Archived
This topic is now archived and is closed to further replies.