Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: yard_man who wrote (22095)	7/23/1998 5:29:00 PM
From: Bull RidaH	Read Replies (4) of 94695

RE: Nonconfirmation of new highs by Advance/Decline Line: Tippet, I appreciate your ho-hum attitude on this subject, as it is precisely the right attitude to have at this time. I'm sure you're aware that there is nothing new under the sun.... this has all been done before. The perfect prior parallel to the large cycle picture we are currently in is the Oct. of '63 time frame (Kennedy had just been assasinated, causing a spike lower in the markets that parallels the spike lower we're currently having to the T). What all the A/D worry warts better take note of is the condition of the A/D during that market era of '63 to '66, which produced one of the stronger general market rallies ever seen up to that point. I've got the link here: decisionpoint.com The key item to notice is the rally from '63 to '66 was totally unconfirmed by the A/D line, and what percentage move did the markets move up under this nonconfirmation? Roughly 38%!! Not the kind of rally you'd want to be left out of, or God forbid, short during. I gave a more detailed comparison of the '63 to '66 period to our current market cycle in the post below, for those interested in further study. exchange2000.com From here, I'm looking for about 20% more on the upside before the general markets peak later this year or early next. Regards, David

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