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Price=grade=falling Hemlines?

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longnine009's Avatar
United States
1247 Posts
 Posted 02/25/2006  7:19 pm Show Profile   Bookmark this topic Add longnine009 to your friends list Get a Link to this Message Number of Subscribers
I was reading last night how some of the stockmarket people have watched hemlines as an indicator of the stockmarket. Rising hemlines meant the stockmarket would rise and falling hemlines meant it would fall or so the theory went. I guess stock prices discounted into the hereafter, as they are today, is being mimiced by thongs

But the idea with hemlines was/is that there are bountries--the thighs and the floor. So when they have risen as far as they can go, as they did in 60's, then they have to go down and so too, supposedly, would the stock market. This did actually happen in 60's. I don't believe that it was the case in the 20's. The stockmarket crashed in 1929 but the hemline was only just above the knee. But then again compared to 1920, just flashing a shinbone was pretty radical.

I was wondering if there might not be a similar anology here with the previous discussions on 100 point grading. Was this an attempt to "raise the hemline"? And what about the result? Seems to me they got a resounding "bite-me" from the numismatic community. Might that be interpretated as major price resistance?
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CoinNut5's Avatar
United States
103 Posts
 Posted 02/26/2006  1:46 pm  Show Profile   Bookmark this reply Add CoinNut5 to your friends list Get a Link to this Reply
I am no stockbroker........but I do know when stocks are up that is a good thing!!!.......not sure about the hemlines....I think maybe content or quality control would play a big part there........LOL
How have you been longnine?
Pillar of the Community
United States
1203 Posts
 Posted 02/26/2006  3:17 pm  Show Profile   Bookmark this reply Add OldDan to your friends list Get a Link to this Reply
quote:
Originally posted by longnine009

Rising hemlines meant the stockmarket would rise and falling hemlines meant it would fall or so the theory went.



I believe this may just be the first time I've ever wished for higher prices!
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ageka's Avatar
Belgium
2078 Posts
 Posted 02/26/2006  4:17 pm  Show Profile   Bookmark this reply Add ageka to your friends list Get a Link to this Reply
The theory comes from Elliot who founded Elliot Ewave analyses
The mood of a society is reflected in its way of dressing
Short hemlines means everything is just fine and we should not worry

It is related to the Kondratiev cycle and we are heading into winter they say
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longnine009's Avatar
United States
1247 Posts
 Posted 02/26/2006  6:48 pm  Show Profile   Bookmark this reply Add longnine009 to your friends list Get a Link to this Reply
quote:
Originally posted by ageka

The theory comes from Elliot who founded Elliot Ewave analyses
The mood of a society is reflected in its way of dressing
Short hemlines means everything is just fine and we should not worry

It is related to the Kondratiev cycle and we are heading into winter they say



Yes! And it's the exact opposite of what we've been told. Events, according to Elliot Wave theory have no effect on peoples' mood or actions. It's peoples' mood that cause actions/events. Rising hem-lines are more daring--at least back in their day--so the daring mood extends to the stockmarket, according to EWT. I can tell you this, at the top of the stock market 1999-2000 bungee jumping was all the rage in this country. Now it's "like so 90's."

Robert Prechter has been carrying Elliot's banner now since the 70's and I have 4 of his books including Conquer the Crash. Supposedly we're going into wave 4 of the Grand Super Cycle, which, if correct might be more like heading into a ice age than a winter.

Hey CoinNut good to see you again!
Edited by longnine009
02/26/2006 6:54 pm
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ageka's Avatar
Belgium
2078 Posts
 Posted 02/27/2006  06:44 am  Show Profile   Bookmark this reply Add ageka to your friends list Get a Link to this Reply
I have Conquer the Crash too
Prechter is a lot better at writing good books then at
predicting gold
I also have the Great Depression of 1990 by Dr Ravibatra written in 1985 and based on Kondratiev like theories

The day I hear the word gold by three different people in three different conversations I will know the peak is in
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