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Strategies & Market Trends : The Stock Market Bubble
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To: Moominoid who wrote (900)7/30/1998 9:18:00 PM
From: bobby beara  Read Replies (1) of 3339
 
>>>About one week to go if history is actually repeating itself.<<<

David, I think Monday Aug 10 will be a black and brown Monday, a fibonacci 55 days from the June 15 wash out low. 7/20 was 89 days from 4/22 and 55 days from the drop out of the indecision triangle on 5/26. Todays turn was clustered around the 55 day lows of 6/1 and 6/4.

So far we are following another analog fairly closely is the Hang Seng drop of the Aug 6th high. Had a spike up about the same number of days as we have had here.

For some Kondreitieff lore it is quite apropro for IBM to have it's 5th wave blow-off at the final peak. In the 20's it was the auto the peaked the optimism that turned irrational, in the 90's it's the computer.

bb
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