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

To: MythMan who wrote (75236)	11/12/1999 4:17:00 PM
From: pater tenebrarum	Respond to of 86076

that's right...and it happens on lousy internals as usual. it feels exactly like the f*ck 'em rallies in Japan in '89. it will no doubt end the same way... i'm going to calculate some Fibo relationships over the weekend. i suspect that the duration of the a/d line divergence will be a fibo multiple of the '29 divergence and that the extent of the blow-off could produce a fibo multiple (1,61) of the '87 stock/bond yield ratio. it is also possible that the blow-off may ultimately reach fibo multiples of it's Japanese predecessor re. the size of the percentage move. just guessing now, i'd say we're getting close. note that today is a projected cycle top...we'll see what happens next week, but i'd say that the highly overbought TRIN, the record low RYDEX and put/call ratios all argue for the cycle to work.