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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (2994)12/21/2000 11:27:58 PM
From: Lost to Voodoo  Read Replies (1) of 33421
 
You would have to pin me down on that one, wouldn't you? <gg> Well here's one reference (actually a little more numerically specific), though I don't know who the "cycle guy" he's talking about is:

Message 14918492

I've also discussed it a bit with Tastes Like Chicken & in reviewing my stable of 50-100 well known tech charts it did seem that when issues got below 50% of their ATH's they often swooned rather dramatically and mostly haven't gotten back over since. Of course my little survey is subject to confirmation bias and as you point out it may just be a feature of the weak vs. the strong. I was just curious whether you had encountered the concept, having the familiarity with retracment theory that you do.

And uh, since I seem to have landed here...grub.
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