SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (12085)5/7/2002 1:44:54 AM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Take a look at this comparison from 1982 - 1984 where the market was about to roll over in Late July 1984 before the reversal and melt-up commenced:

stockcharts.com[e,a]daclyyay[d19821027,19841027][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

Joe Granville was calling for a market crash since 1983 and was even writing a book called The Warning on this specific timeframe composing a periodic daily diary snipit of 1984. And when the market promptly reversed he kept delaying the book until January 1985 where he had to get the book to print.

Now for today:

stockcharts.com[e,a]daclyyay[d20010927,20021027][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

You will see we need to pull out of this hole in a major hurry as similarities conjure a melt-up within the next week.

Food for thought as I finish my humble pie served up on a nice plate for me over the past week (month) or so.

Charts compliments of Tom Pulley:
Message 17394055

Best Regards, J.T.