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

To: da_cheif™ who wrote (201627)	2/5/2013 1:36:21 AM
From: John Pitera	9 Recommendations Read Replies (5) \| Respond to of 209892

HO HO HO.............. we shall see...........good doctor ....we shall see who is passing out the kool aid. This is not a secular bull market it's a secular bull market in rising bond yields and declining bond prices..... when Nixon closed the Gold window in 1971 and also *put the 90 day wage and price freeze* in effect is much closer to where we are today.... Argentina just did that today. as Peter Eliades pointed out 15 years ago the top 10 stocks of the insane go go bull market of 1967 1968......... he specifically pointed out that the top 10 public stocks that were the largest gainers in price all went up by 10,000 % in 1968 and every single one was out of business and gone by 1972..... that was the analogue for 1999-2002. we are in the analogue period of the nifty fifty of 1973-74...... or even after the absolute low of Dec 1074, the market had a huge rally over 15 to 18 months that took us back to the all time highs.... only to witness. .... what were termed as the October Massacre's of 1977, 1978, and 1979........... Since we are repeating this elliott wave and Gann Cycle activity to one or two degrees larger in magntitude of the fourth wave of the bull market from July 8th 1932....... that ended in March 10th of 2000... that was the entire five wave structure from the Elliott Wave perspective........ the bottom line is that we have not made it to August 15th of 1982 and the end of the secular bear that occurred in equities after the orthodox peak of late 1964. (keep the inflation adjusted DJIA in perspective when looking at this from a charting and labeling perspective). We are unequivocally not at the dawn of a new secular bull market....... we are at very best in those late 1970's Markets that had the periodic autumnal Massecres of equities.... that can come at any time of the year...... it does not need to be October. This Thread is the Adult Swim area of Market Analysis.....not the kiddies pool. If we want to talk about a market that has just made a MAJOR secular turn it's the US Debt Market that I sincerely believe has seen the lows in the 10 year Yield and will go to levels that will demand an entire restructuring of our global financial system. John Pitera.