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Pastimes : CLOWNS TO THE LEFT OF ME.. JOKERS TO THE RIGHT.

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To: coug who wrote (142)8/14/2000 5:30:58 PM
From: IndexTrader  Read Replies (1) of 306
 
Hey Mike,
Sorry about those puts. Considering the home run with Corvis, you are having a great year!

Here is what I have been thinking...
Earlier this year, I read the Frost/Precther book on ewaves. Prechter talked at length about the 66-82 period (the last time he was right) and I keep noticing how similar the Dow chart was to that timeframe. So I have been watching that unfold. (These links take forever-@Home needs more servers).
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This weekend, I decided to see if there were often repeated patterns in the Naz. I found one, a biggy.
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I saw this in large and small time frames. One in particular struck me - 1978-80. I backed it up to 1974, and it looks a lot like 1998 to Now.
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Does this mean anything? Likely not, but IF these patterns are being followed, there should be a choppy move up in the Naz to mid Sept. then a move back down to about 3650 in Oct. The Dow should have one more pullback to finish off its correction. Also, there are cycle highs in Sept. and Lows in October, so they agree.
Who knows... but its fun to speculate (w/o $ of course).

I am looking at C, MO (the stock formerly known as MightyMo), and perhaps DIA. I am also still watching BTK, waiting to see what happens if/when it double tops.

So I will just continue observing and enjoying summer. For now its off to the dog park.
TTYL
Susan
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