|
Printable version |
From: | "nick" <acummin@es.co.nz> |
Date: | Sat, 15 Apr 2000 14:05:18 +1200 |
It makes amusing
reading over on the main share newsgroup
misc.invest.stocks. If the mood there is anything
to go by then
more nasdaq falls await on monday.
Here is one of the gloomier yet slightly amusing posts
nick
Next Monday, I predict:
Thursday and Friday of this week have shattered investor psychology like almost never before. However, people are still uncertain. The market could still come back. So here is what I predict what will happen on Monday. The market will be extremely volatile, and it's unlikely the Nasdaq and Dow will be in tandem with each other at all. Investors are now losing hope, and will be ready to semi-panic. At the start of Monday, the selling will intensify right from the start. The Nasdaq will fall 250-400 right in the first hour or so, looking like a panic situation. Then, suddenly the Nasdaq will start rebounding, and it will keep rebounding, and it will keep rebounding... until it's almost or completely more than made up all of its 250-400 point losses for the day, confusing people yet giving them some sign of hope that a bottom has formed. It will stay up there in mildly positive territory, then will slowly start sinking again. And by the time 4 PM EST rolls around, it will have quietly settled back down around 100-250 points below the open. Then.... ....Apocalypse Tuesday...... Investors at this point will have lost all hope that the market will gain for the rest of time. The Elliott Wave top will have been nearly technically proven to have happened. Investors will see how hopeless it is.... The Nasdaq... will steadily fall.... and fall..... no rallies... at any time... no rallies of more than 50 points at any time.... the Nasdaq will slowly but continuously sink.... 300... 400... 500.... 600.... 700... 800... points. The fall will be slow... and gradual, but it will be relentless... it will not end... There will be no jarring movements. The investor sentiment will have become utterly, completely, depressed.... a calm hopelessness will pervade...... a new era will be ushered in... nearly overnight... a darkness will engulf the mainstream psychology... changes in taste of music and art will be turned upside down.... people will decide that the stock market isn't the way to make money after all... they'll have realized they're cheating on earning money... will have come to an end. Cultural workplace changes will take place. People will slow down. Technology will become less important. Technological development will slow down... It will be a mix of good and bad, and the opinions will vary among individuals whether what changes are good and what are bad, but it will be dramatic, whatever the changes and the perception of them.... .....and we'll settle into the 2nd coming of the Great Depression............. truthseeker |
Replies
|