John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Chip McVickar who wrote (2936)	12/5/2000 5:09:42 PM
From: da_cheif™	Read Replies (2) of 33421

chip...the eipicenter of primary wave three is called the recognition wave....its called that because it is so fast and furious that it convinces all the professional bears who have hated the stock market to finally admit to the bull market...now todays action doesnt qualify but its a start...by axiom the epicenter has at least one day up that exceeds in percentage terms the one day slide of the prior second wave...which in this case was the 20 percent one day slide in 1987....of course we expect the dow to have a one day move of over 20 percent to mark that event...being the epicenter would mark the half way point of the bull market that began in 1974....thanks...

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