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Strategies & Market Trends : Waiting for the big Kahuna
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To: Bull RidaH who wrote (19187)5/28/1998 12:50:00 AM
From: Vitas  Read Replies (2) of 94695
 
Hi David, could you please take a closer look at the October-November, 1963 market from an Elliott wave point of view?

I think that since the triple declining summation pattern occurred
within a compressed time period (within 208 days from the initial peak,
not later in the cycle as in the other examples) it may be significant here.

Although there was a "slammation", it was precipitated by the tragic
assassination of President Kennedy, so that I'm not all that sure
that we can count on the slammation part of this correction.

Thank you for your kind comments. It is a great pattern to keep in the arsenal for the intermediate term and for bear markets when it occurs later in the summation cycle.

Vitas
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