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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Patrick Slevin who wrote (11439)	5/19/2006 9:05:09 AM
From: bearshark	Read Replies (1) of 12410

Gould started with the creation of the FRB in 1913. After that, he measured the major bear and bull markets from 1913 to the 1970s. He analyzed each one and found a period of preparation he called "The Sign of the Bull." So, you add that to the beginning of his bull markets and then consider the 3 legs up and 2 corrective periods (same as Dow Theory). Some claimed he used Elliot Wave Theory too. For the bull market that many believe started in 1982, he began his "preparation period" in 1974 which ended in 1982. From there, he ran the 3 legs and 2 corrections up to 1/11/90 for a high at that point of 3,474.80. It actually was 2,760.67 on 1/11/90 and took about 18 months to reach his goal. Since Gould died in the 1980s we don't know what he would have come up with in 1990. Anyway, he was the fellow that came up with the "Three-Step-and-Stumble Rule." He had a bunch of different gizmos that he used.

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