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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: velociraptor_ who wrote (30269)2/15/2002 1:58:05 AM
From: LTK007  Read Replies (1) | Respond to of 99280
 
<<The market appeared to be range bound for 16 years, but the latter half of the prior wave up is added as well as the first part of the bull run which went from 1974 to 1982. 1974 was the low of that bear and if you look at the charts, it rose into 1976 in an impulsive wave structure following that which started the bull. The drop from 1976 into 1982 corrected that first wave, but it never came close to the 1974 bottom, only correcting roughly 62% of the upmove.>> once you start talking waves i tune out:) i avoid E-Wave like the plaque--don't understand it and don't want to understand.:) The reality if a person bought in 76 they got their head smashed in a head fake---i will not concede my statement of a 16 year secular market based on some Fibonacci technicality,believe me:)--not a chance--if this is an e-wave thing it only managed to predict the new bull 8 years TOO early.