Humble1 and Swing Trading Friends Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Humble1 and Swing Trading Friends

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: crashwatch who wrote (36028)	3/31/2021 6:30:13 PM
From: crashwatch	Read Replies (1) of 41475

That bit about the length of the run matching the 33 years plus from 1932 to 1966 vs 1987 to 2021 reminded me of something I read from Peter Eliades years ago which is no longer referenced online anywhere that I can find. Peter told a story in 2008 of receiving a anonymous fax from someone who said that several bottoms in the market led to important tops about 33 years later. The first was the 1857 bottom that led to a top in 1890. The second was the 1896 bottom that led to a top in 1929. The third was the 1932 bottom which led to the 1966 top. And the fourth being proposed at that time was that the 2007 top that followed the 1974 bottom could be a top of great importance. I really don't know what to think of this offhand except that PEs bottomed 13 and 20 years after 1929 below 10 and once again 8 and 14 years after 1966 below 10. So while it doesn't seem like the 1987 bottom was in the same category as the other bottoms that led to important tops about 33 years later, it does seem like PEs may have some fast work to do on the downside if 2007 is still going to be a top of great importance.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next