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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (43944)	6/30/2002 2:04:27 PM
From: morokko65	Read Replies (3) \| Respond to of 209892

AA, you can draw a big wedge from the 1929 high and the 1933 low which was broken out in roughly 1995. Any significance to that? Isn't there also a big head & shoulders pattern developing the also points to SPX 500 (using the 1998 lows as the left shoulder..) I am somewhat new to EW & TA (2 years) My background is Real Estate and I am researching putting together a quarterly chart since 1970 for San Francisco Median Prices (probably one of the best extreme speculative examples with good data)and also a ratio of median income vs. median sales price (a P/E for housing). If the Nasdaq hits 500-750, it will be time to go long and we will need to move on to the next bubble. In the 1980s condos in Houston dropped from $90K to $5K in HUD auctions. Speculators bought entire developments for under $1MM. OT: I can't see SPX 500 without something huge like FNM, GE or C pulling a LU or WCOM, or a major setback in the war on terror. The current situation seems somewhat reminiscient of the "phony war" between Sept 1939 when Germany invaded poland and mid 1940 when the war began in earnest (Dunkirk). The Afghan campaign was real enough, but I have a hunch that the real battles (military & diplomatic) are ahead. Sorry for the rambing nature of this post, but that's what sunday morning coffee will do to you...