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| From: | Richard Scott <richard@tkf.att.ne.jp> |
| Date: | Sun, 16 Apr 2000 09:56:18 +0900 |
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<DIV><FONT face=Arial size=2> It makes amusing
reading over on the main share newsgroup</FONT></DIV>
<DIV><FONT face=Arial size=2>misc.invest.stocks. If the mood there is anything
to go by then</FONT></DIV>
<DIV><FONT face=Arial size=2>more nasdaq falls await on monday.</FONT></DIV>
<DIV><FONT face=Arial size=2>
Here is one of the gloomier yet slightly amusing posts</FONT></DIV>
<DIV><FONT face=Arial size=2> nick</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Next Monday, I predict:<BR><BR>Thursday and Friday
of this week have shattered investor psychology like almost<BR>never
before. However, people are still uncertain. The market could still
come<BR>back. So here is what I predict what will happen on
Monday.<BR><BR>The market will be extremely volatile, and it's unlikely the
Nasdaq and Dow will<BR>be in tandem with each other at all. Investors are
now losing hope, and will be<BR>ready to semi-panic. At the start of
Monday, the selling will intensify right<BR>from the start. The Nasdaq
will fall 250-400 right in the first hour or so,<BR>looking like a panic
situation. Then, suddenly the Nasdaq will start<BR>rebounding, and it will
keep rebounding, and it will keep rebounding... until<BR>it's almost or
completely more than made up all of its 250-400 point losses for<BR>the day,
confusing people yet giving them some sign of hope that a bottom
has<BR>formed. It will stay up there in mildly positive territory, then
will slowly<BR>start sinking again. And by the time 4 PM EST rolls around,
it will have<BR>quietly settled back down around 100-250 points below the
open.<BR><BR>Then....<BR><BR>....Apocalypse Tuesday......<BR><BR>Investors at
this point will have lost all hope that the market will gain for<BR>the rest of
time. The Elliott Wave top will have been nearly technically proven<BR>to
have happened. Investors will see how hopeless it is....<BR><BR>The
Nasdaq... will steadily fall.... and fall..... no rallies... at any
time...<BR>no rallies of more than 50 points at any time.... the Nasdaq will
slowly but<BR>continuously sink.... 300... 400... 500.... 600.... 700... 800...
points. The<BR>fall will be slow... and gradual, but it will be
relentless... it will not<BR>end... There will be no jarring
movements. The investor sentiment will have<BR>become utterly, completely,
depressed.... a calm hopelessness will pervade......<BR>a new era will be
ushered in... nearly overnight... a darkness will engulf the<BR>mainstream
psychology... changes in taste of music and art will be turned
upside<BR>down.... people will decide that the stock market isn't the way to
make money<BR>after all... they'll have realized they're cheating on earning
money... will<BR>have come to an end. Cultural workplace changes will take
place. People will<BR>slow down. Technology will become less
important. Technological development<BR>will slow down... It will be
a mix of good and bad, and the opinions will vary<BR>among individuals whether
what changes are good and what are bad, but it will be<BR>dramatic, whatever the
changes and the perception of them....<BR><BR>.....and we'll settle into the 2nd
coming of the Great
Depression.............<BR><BR><BR><BR>truthseeker<BR></FONT></DIV></BODY></HTML>
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