Forum Archive Index - April 2000

["nick" <acummin@es.co.nz>]

      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