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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (163298)	3/1/2008 8:06:23 PM
From: skinowski	Read Replies (2) of 209892

Hi, AA! What you are showing is, basically, a road map for a multi-year (secular) Bear market. Something along the lines of what took place from the late 60's through early 80's. The markets remained in a range during that period - unfortunately, in reality it was a horrible, devastating Bear market, since during the same period inflation destroyed about 75% of the purchasing power of the Dollar. It is entirely possible that in the year 2000 we entered a similar grand period of "consolidation". All the bubbles and excesses - as well as all the great positive advances of the recent decades, globalisation etc.... - may need time to be "digested". Just about 7 years ago I found this interesting observation - it inspired me to start a "bookshelf" thread to which I still remain an occasional contributor... :) Message 15376493

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