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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: pater tenebrarum who wrote (77820)12/2/1999 10:38:00 PM
From: John Pitera  Read Replies (1) of 86076
 
Today, was an Important Bradley turning point day, as significant at the 8/10/99 low in the NASD.

If you look at the declines from April 1999 in the real high fliers like EBay and AOl, which went from 240 to 77, and 175 down to 78ish, going into the 8-10-99 low it shows how significant the 8-10-99 low was.

csf.colorado.edu

Whether this could mark a turning point or will be a muted signal remains to be seen.

Also, for you grizzled old-timers, Dec 2nd was the top of the real broad based Mo-Mo market of the sixies, with the top Occuring on Dec 2 1968.
The value-line had a very serious bear market going into May of 1970 after the 12-2-68 top & the DJIA had a 35% decline from Dec 2nd 1968 into
May of 1970.

1968-1970

decisionpoint.com

1966-68

decisionpoint.com

decisionpoint.com
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