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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (16866)4/19/1998 9:32:00 PM
From: Vitas  Respond to of 94695
 
[Summation Index]

It's worth examining this triple declining peak pattern in the summation index in the following time periods:

3rd peak in:

July 1977 at 2750
August 1987 at 1500
August 1992 at 1700
February 1994 at 2000

The current third peak at 3000 is the highest level in these
examples. McClellan oscillator students would ordinarily say that
once the summation index goes over a certain level that indicates
a sustained move, but I'm not sure that would apply once
the third peak starts rolling over. (???)

Vitas



To: bobby beara who wrote (16866)4/19/1998 9:37:00 PM
From: yard_man  Read Replies (2) | Respond to of 94695
 
That first one was a beauty:

DOW 35,000

>>"It's not as crazy as it sounds because the rise would be the same
average annual growth rate that the market has exhibited since the
boom began in 1982," he said.<<

Plain dumb to think that this bull run will be extended through 2008.

Haven't gotten a lot of calls from brokers, but sure have heard a lot of folk on the street discussing stocks and plans to get in.

I guess we have to have our DOW 10,000 now!

bwdyk?

What's important and what's not. True wealth isn't in stocks or mutual funds or bank accounts.

Take care,
tippet