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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (44965)7/10/2002 1:18:04 AM
From: Vitas  Read Replies (1) of 209892
 
where the bubble part actually started, which I think is in 1998, has nothing to do with where the market may correct to

after all, in '32 it retraced 90% of the peak in 1929

although there are many parallels to 1929 - 1932 in the Nasdaq today, from a quick look the intensity of the decline then has already been broken since last September

there is a troubling pattern in the McClellan Summation pattern today that resembles the 1932 pattern

I'm going to give it one more day before I post it, and that's if I don't hit the Cape first -g-
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