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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Topannuity who wrote (1082)	4/16/2000 8:49:00 AM
From: Topannuity	Respond to of 33421

siliconinvestor.com Consider the NAZ weekly chart of the past 2 years.. During 1998-99, the cycle trading range was between 400-600 points from peak to trough. Then in Oct 99 we began an extended move which topped in March. I'm wondering whether we have truly completed a major multiyear top which has begun a multiyear bear market OR have we only just BUSTED OUT the height of the cycle trading range from 400-600 points to 1,500-2,000 NAZ points. In other words, the game is not over, we have only entered a period where future cycles will have peak to trough ranges of 1500-2000 points instead of 400-600, i.e., volatility has just increased by a multiple of 3. Along these lines, does anyone know WHAT conditions triggered or supported the 2000 point NAZ run up from October 99 to March and more importantly...what, if anything fundamental, has changed, to preclude a run back up again?