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Strategies & Market Trends : The Stock Market Bubble

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To: Box-By-The-Riviera™ who wrote (2079)	10/10/1998 5:43:00 PM
From: bobby beara	Read Replies (4) of 3339

Joel, your going to hate me -g- but I believe we may have made a fear bottom on Thursday. The nine month cycle has marked significant bottoms since 7/96 and it is due to come on 10/12, so it may have been a few days early. the Nasdaq made it's H&S pattern projection using the June lows as the neckline and July highs. There is what looks to me like a completed 5 wave pattern on the Nasdaq. rampant fear and bearishness - "Crash of 99" cover - contrary indicator. McCllelan Oscillator has a very bullish inverted H&S pattern, with a historically deeply oversold spike, and a historically overbought initiation spike. A rally above 8180 and a close will most likely indicate a failed H&S pattern. If I'm right and the 9 month cycle turns again the crash bottom would be in July 99, with the peak in April 99. bwdik, bb

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