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

To: Vitas who wrote (19304)	5/28/1998 5:22:00 AM
From: Bull RidaH	Read Replies (1) \| Respond to of 94695

Vitas, Amazing!! You pinpointed the precise Elliott Wave Parallel in the prior supercycle to where we are today!!! I'm very impressed!! I'll never again doubt the relevance of your comments as some have been prone to do here lately..hehehe :o). The Cycle wave 4 correction wrapped up in '62, identical to our cycle wave 4 correction that ended last Nov.12th. Then Primary wave 1 up of Cycle wave 5 up carried the market up strongly into October of 1963, just as our Primary wave 1 rally carried the market up into April 6th. Beautiful!! I'm sure you're very aware what happened after the The Cycle wave 5 completed itself in 1966? Yep...probably the second most devastating correction our market has ever seen in inflation adjusted terms, spanning 16 full years. For those want a chart of this 60's period, go here: decisionpoint.com Now...what do you think will happen when the current Cycle wave 5 finishes up later this year, completing the Supercycle that began in 1982, and in all likliehood, the Grand Supercycle that began in 1942..? Will we be at the high water mark for mankind, and a watershed for life as we know it on this planet? Regards, David

To: Vitas who wrote (19304)	5/28/1998 11:24:00 AM
From: Oeconomicus	Read Replies (2) \| Respond to of 94695

Vitas, not from a wave perspective (as I don't even know enough about it to be dangerous to myself), but more from an economic one, I think you are about a year and a half off in your choice of historical comparisons. Take a look at the run up to the spring of 1962. Low and stable interest rates, strong GNP growth, weak corporate earnings, and high valuations as the market ignored the weak earnings. Time is compressed in the current market (information age, you know), but so much is the same. Regards, Bob