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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (41057)	4/18/2000 6:59:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

That Biotech/DOT chart really does line up closely, I was surprised at the analogy to the South Sea Bubble primarily because of the coincidence of just having read that story about it. Apparently the Biotech Bubble flatlined somewhat at this point in the curve. The DOT seems to have had the same % pullback as the Biotechs had. The really subtle thing the South Sea, the Biotech and the DOT have in common might go un-noticed. You see how they all have coffee stains in the same part of the chart? I'll betcha that's a cycle pattern that most analysts would disregard; seems a coffee stain high in the chart pre-sages a bull move and then a drop in the positioning of the stain, or an inversion stain, marks a Top.