TSXV:NIR.H - Post by User
Comment by
Francesco1on Oct 12, 2000 6:03pm
360 Views
Post# 2644722
RE: Could this be it???
RE: Could this be it???GRQ MAN,
Yes, We are seeing the effects of the 39 Month cycle referred to previously.
It is coming in as expected, well within the mid october + - 1 month time window.
It is amazing that this cyle has been so predictable for so many years.
It was the "reason" for the 1929 and the 1987 stock market crashes and is now back to put us through some more misery ...
I am expecting some more damage as the cycle tries to find a bottom in the next few weeks. We could have one of those sharp, 500-700 points or MORE delines in n the Dow in one day over the next week or so.
The events in the mid east are not unrelated to the bottoming of this cycle and are indicative of its existance. Since this cycle is really just a cycle of perception and feeling, it affects more that just the stock market.
It causes people to act on their feelings.
This cyle has fostered several forms of conflicts in the past and is again affecting the mid east. You see, the cycle is global, and not just a stock market cycle. The stock market mearly REFLECTS this cycle in such a way as to make it visable for all to see. (how does one quantify feelings???)
It is one thing to "feel" negative, and not act on those feelings.
It a whole other matter to feel negative and actually "act" on those feelings.
This is what the 39 month cycle is all about, people acting on their negative feelings.
That being said how does this relate to NIR?
Well, as you stated, we are holding stock in a company that is completing its decline. Now that we have tested the $1.50 area, we will have to watch and see how the general market handles what is left of the 39 month cycle.
If things really get out of hand to the downside, we could spike down to the $1.00 area, but just for a short time. I am not counting on this happening, but when panic selling in the markets take place, resistance areas tend to be broken very quickly on the downside.
If we are given this gift ($1.00) we must add to positions ...
We must watch for October 19th and October 24th as possible climactic bottoms in the markets. If NIR spikes down sharply on these dates, consider buying more then.
Francesco