Posted by maggi3322 on 5th of Oct 2008 at 12:05 pm
according to Elliott Wave. Safe Money reports has been calling
for a major depression similar to the 1930's for the last five
years. HS Dent has been calling for a major rally before the
markets melt down, who the heck is right? Appears that HSDent might
be a little off ;)
Posted by marketguy on 5th of Oct 2008 at 08:56 pm
I "believe" HS Dent had the top in somewhere between 2008-2010
(or 2009-2010) in the "Great Boom Ahead" (written in the mid 90's I
think)...granted the Dow never reached 30-40k as he thought it
would but either way I'm guessing his depression scenario
is/has arrived...sad times my friends, sad times....I wouldn't be
"surpirsed" to see a late 2001 type rally (ie maybe we get back to
1300+...not sure how we do it but have to consider it a possibility
as this year is so correlated to 2001 with the 10/20
month moving avgs, bollinger bands, etc).
Posted by dowjones4k on 6th of Oct 2008 at 09:48 am
yes he did i have read many of his writings and he is predicting
a depression type event this time. it is happening a little
earlier than he predicited.
according to Elliott Wave. Safe
Buried in the 700 billion dollar bailout was this gem giving the solar industry major tax advantages
Posted by maggi3322 on 5th of Oct 2008 at 12:05 pm
according to Elliott Wave. Safe Money reports has been calling for a major depression similar to the 1930's for the last five years. HS Dent has been calling for a major rally before the markets melt down, who the heck is right? Appears that HSDent might be a little off ;)
is that HS Dent's current
Posted by dowjones4k on 5th of Oct 2008 at 06:17 pm
is that HS Dent's current thinking or out of his books? if books which one?
I "believe" HS Dent had
Posted by marketguy on 5th of Oct 2008 at 08:56 pm
I "believe" HS Dent had the top in somewhere between 2008-2010 (or 2009-2010) in the "Great Boom Ahead" (written in the mid 90's I think)...granted the Dow never reached 30-40k as he thought it would but either way I'm guessing his depression scenario is/has arrived...sad times my friends, sad times....I wouldn't be "surpirsed" to see a late 2001 type rally (ie maybe we get back to 1300+...not sure how we do it but have to consider it a possibility as this year is so correlated to 2001 with the 10/20 month moving avgs, bollinger bands, etc).
yes he did i have
Posted by dowjones4k on 6th of Oct 2008 at 09:48 am
yes he did i have read many of his writings and he is predicting a depression type event this time. it is happening a little earlier than he predicited.
marketguy, could you post charts
Posted by maggi3322 on 5th of Oct 2008 at 09:13 pm
marketguy, could you post charts showing the correlation? tia
let's see if I have
Posted by marketguy on 5th of Oct 2008 at 10:23 pm
let's see if I have the chart thing down...sorry forgot to add the bollinger band but it has pentrated the lower band as it did at the time indicated in 2001 as well .
http://stockcharts.com/h-sc/ui?s=$SPX&p=M&b=5&g=0&id=p46377495172&a=152653276&listNum=5
looking at that S&P chart
Posted by paige386 on 6th of Oct 2008 at 09:11 am
looking at that S&P chart the vol is much larger now than in 2001.