This is why people think Canadians are ignorant. And me saying so is why everyone else thinks Americans are cocky.
You obviously don’t have a sense of economics or of how the technology cycle works. If price drops happened every other day, that’d be true, but it’s not. Would you agree that lower priced cards are based off the higher end cards? Well you better, because higher end cards do not get their price based on what lower priced cards are selling at. Higher priced cards get their price from a number of things (how well it performs, what the availability of the product is, how long until the next best thing comes out, etc).
If you evaluated (or graphed) the performance of the top performing graphics cards (along the y-axis) over how long it is regarded as the best performer (x-axis), the chart would look like an upward stair step. These are what we call step charts. Its because the top performer becomes available, then it holds its rank as “top performer” for a period of time (horizontal line) then a new one comes out. Now for the purposes of simplicity I am just concentrating on a certain chip designer (ATI or nVidia) and grouping all manufacturers into the same category (eVGA, XFX, BFG, etc) so that there is not a preference for one over the other.
Anyhow, this being said, it’s hard to determine when the new chips are going to come out. Without some bit of press release and a some effort of research on your end, you’re just left to knowing what stores tell you (and what they sell you). Therefore it’s hard to determine when price cuts will be. But if you’re bargain hunting you want to buy a product as soon as it’s price has gone down (right around the time when a new product comes out). This way you get more performance life for your dollar.
Now, I could go more into the specifics of the matter, but I am opting not to as I have already typed too much and I’m afraid I would lose some of you. Not to mention, I’m being lazy in the morning. All you have to keep in mind is that DirectX 10 is coming out, so if you’re going to get a DirectX 9 card, prices will continue to fall if the chip manufacturer doesn’t intend on releasing a ROM update.
Once prices do fall they will generally stay this way (in the same ballpark) for a length of time and then fall again as more new technology is introduced to the market.
As a short response to what dabomb said: yes you can wait for price drops, but you have to be smart about it.