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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (128067)1/13/2006 7:43:30 PM
From: Perspective  Read Replies (2) of 209892
 
Ultra long term EW:

I'm really starting to think we should be viewing this up cycle as the fifth wave of a 31-year old bull market:

finance.yahoo.com

Given the strong ties to overall debt creation that has continued unabated, the financial sector move to all time highs, and the national backdrop, I really think this is the fifth wave of the whole shebang. Ignore the price highs of the Y2K bubble.

In many places, we've hit all-time highs, but in those that include tech, the fifth wave may perhaps fail to make new price highs. NYA is there, DJIA is close even with a couple techs, and SPX is still pretty far off due to heavier tech weighting. The idea of a failed fifth would dovetail nicely with the chill of a real estate-driven K-winter, too.

I know it doesn't matter to most on the thread, but I'm shifting this increasingly to my favored long-term scenario.

BC
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