MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: clochard who wrote (253)	6/29/1999 1:39:00 PM
From: J.T.	Read Replies (2) of 19219

Steve, What was the name of that song by Prince? .. 1999... the lyrics go something like this: 2000, zero, zero, party oops, out of time; hey everybody lets party now till it's 1999.... The market wants to party, people feel good, want to spend witness consumer confidence: Early indicator Au contrare for future reference quote.bloomberg.com Some history about the markets during 68' and on: In end of Oct., 1968, after this report for record consumer confidence came out, the market was at 952, went to a high of 985 close within 1 month and one week in early Dec 68 for a 3.4% gain. Quickly reversed and corrected to 903 in late Feb 69 for a 8.5% hit. Peaked at 969 in Mid-may and turned down hard in June to 870 close late June 10.2% hit and 770 in Dec 69 for 22% hit from 12 month high. By late May of '70 we bottomed at close of 631 for 35% hit from peak of 985 in Dec '68. That is..... the rest of the story. fwiw Best, J.T.

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