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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (51163)	7/12/1999 8:31:00 AM
From: Terry Whitman	Read Replies (2) \| Respond to of 86076

Cycle Pro dude sez 4-6 week blow off in progress. >Sunday, July 12, 1999 Although I would have liked to have had a down close last Friday to help complete the pattern we were looking for, it did not happen. If Monday breaks above the previous highs, then the likelihood that the mild correction we were looking for was very mild indeed... and a harbinger indication that the bullishness festering below the surface is really quite strong. It is still possible that our chart from last Thursday will play out, but at a slightly higher level, the probabilities are somewhat reduced going into Monday and Tuesday's sessions. The major cycles that we were expecting to complete at the end of June may very well have ended right on schedule, but because of this underlying bullishness, the normal downward resolution was dilluted and the resulting pattern was effectively a truncation. The longer term Cyclepro forecast remains in a bullish mode for the next 4-6 weeks as the World's greatest stock bull market is about to end with a blowoff of equally major proportions. The subsequent crash/correction (you may pick your own definition -- y'all already know that CyclePro prefers "c-r-a-s-h"), will also be of major proportions. Neither the extent of the blowoff nor the retracement of the crash will be adequately anticipated by otherwise knowlegeable technical analysts -- the average investor/speculator will be completely blind-sided. Y2K will have nothing to do with it... the mild hysteria over Y2K will only become an excuse rather than pointing fingers at any one individual, organization, or event. No charts are updated tonight since very little has really changed. <