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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (13236)3/19/2001 11:00:54 AM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
Rich, the big difference between August 1982 and now is that the market was at the end of a 16 years period of consolidation, interest rates were in the 13% plus area and could go only lower, and there was a string of 7 days were the NYSE did not register a single new high. WE are not at an Aug 1982 bottom type here. Fasten the seat belts for a long period of strong bears followed by strong bulls and everything in between.

Zeev


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