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To: The Freep who wrote (128894)2/2/2006 1:28:07 PM
From: skinowski  Respond to of 209892
 
Cycles are hard to prove - there is no consensus whatsoever about the very existence of Kondratiev. But my sense is that there is something to all those theories. History does move in cycles and spirals, so to speak.

A few months ago I read a book by Michael Alexander - "Investing in a secular bear market". The funny thing is that there is nearly nothing in the book about such investing... literally maybe a few paragraphs (g/ng) - but the book is quite fascinating in other ways. Whetted my appetite for studying up on cycles. But time pressures are a problem.



To: The Freep who wrote (128894)2/2/2006 1:40:49 PM
From: Galirayo  Respond to of 209892
 
[ BP Index ] Freep .. I'm not 'exactly' sure how to read the BP indices .. but Industrials seem to be Bullish. Maybe because the cost of Nat Gas is off.

From the PnF .. it'll get very interesting if it breaks out.

stockcharts.com

BP's are all the way down at the bottom.
stockcharts.com[Y]&disp=SXA

Anyone really clear on the BP's or have anything to add ? Here's the explanation I got.

Message 22016695

what i focus on is the fact that when a sector or index gets above the 60% level--which means that 60% of all stocks in that index or sector are on buy signals-- and then turns down-there is a high likelihood that some form of correction is comming--the risk is high--thats not to say that it can't stay high for a long time--conversely when a sector or index is below 30%--meaning only 30% of the socks are on buy signals and it reverses up--there is a better chance for success on the long side--although again--a sector or index can stay low for a long time