tuesday continues relief rally or not, page-25

NL,

Somehow, I thought the maximum fear will bring the crash to a lower level, like 1929. Obviously, I was wrong (again).

It looks like goverments from all of the world have done "great" job to ease the fear by virtual through money at anyone on the earth.

Without extreme fear, I doubt there is any drive for significant downside in short term, or we have seen the double bottoms already.

But for medium term or longer term, I don't know. I quote from the book of The Great Game:

"As late as June of (1930), when a group of clergy visited Herbert Hoover int he White House to urge a public works program, Hoover told them, "You have come sixty days too late, the depression is over....."

Since I have been wrong most of the time recently, everyone can almost use me as contrarian indicator.