If he, Ralph Flip-Flop, believed this:
In fact, in 1994 we got another decline. This was a preemptive hike in interest rates, if you remember. Alan Greenspan was worried about a resurgence of inflation in this country, raised the rates, and the market went down very, very dramatically. We made a low in October/ November 1994, ladies and gentlemen. Keep that date in mind. Remember the first date I told you to remember was the bottom of 1990. Four years later, the market makes another major bottom in October/November 1994. For a technical analyst, four year periods are very, very impressive. They give you major buying opportunities. We were very, very optimistic in the market in 1994, that was one of the reasons, because the market was washed out. We had seen a major decline in 1994.
The why was he not looking for a "major bottom" like Bob was? Was he looking for a lower bottom perhaps? I wonder what level Ralph eventually was looking for.
To me, October came early in this next 4 yr period and I suspect "The January Effect" could come early also too.
Kirk |
