re: king richard
For the record, the initial rise of tech stocks was in the late 191*'s - tech stocks such as GM went up 75%. After the corrective period (1920-22), GM then went up 22 times before 1929.
Intel is tracking perfecto for the first stage.
There is heaps of money around Gann - go talk to a banker.
I have personal relationships with CBA, NAB and Westpac in business (read co marketing). I have a fair idea of whether there is money about.
Then there is Super ...
It will find a home in the least inflated sector (outside of cash). Right now that is the stock market and will continue to be for a few years to come.
This is supported by basic consumption of the last group of baby boomers going through their peak spending cycle.
Try stopping them from spending.
The recent consolidation is just that, leaving one final pent up period of demand that will surprise everyone - no one more than you Gann.
This will cause the mother of all rallies, just like in Japan in the late eighties.
How much more evidence do you want?
Phil
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