The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: westpacific	6/2/2007 2:27:02 AM
	Read Replies (3) of 110194

DO not short this market, for a few more months..... Why? 2) Lowry's (the oldest and one of the most reputable technical analysis services on the Street) Its Buying Power Index crossed over its Selling Pressure Index for the first time in 21 months (Friday). This indictor has been virtually flawless since Lowry's began its service in 1939, and it currently implies that the market still have much further room to go on the upside in the next few months. Following are instances from 1987 where Lowry's Buying Power Index crossed over the Selling Pressure Index: January 1987 February 1988 January 1989 June 1990 February 1991 December 1992 August 1994 April 1995 September 1996 May 1997 January 1999 July 1999 The task of interpreting the subsequent stock market action after these instances is left up to the reader, but the author can say that with the exception of the August 1994 and the July 1999 signals, all of these signals would have been (some hugely) profitable for the investor who bought stocks immediately after these signals were issued. Buying Power usually begins to fade at least several months before the final top of the bull market. Point and Figure for the INDU saying 15,000. My model pointing upwards of INDU 14,600. ----- Can you say blow off top in the making......be careful. Once we reach that 14600 area, if we do - it will set up the biggest short opp of your lifetime. Shades of 1999s blowoff? The January 1999 signal gave the market about 1000 points. The July 1999 a final upward advance into the top. History repeats? If we look at 1000 points, mid 14s could be in da cards. Patience - this blowoff will be all large cap driven. West

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