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


To: Bull RidaH who wrote (19310)5/28/1998 5:46:00 AM
From: Bull RidaH  Respond to of 94695
 
Strike post 19310, and use this one in its place...

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 April of 1963, just as our Primary wave 1 rally carried the market up into April 6th. Beautiful!! Then the ensuing Primary wave 2 correction parallels perfectly with our current correction. The Primary wave 3 rally then began in mid 63. Intermediate wave 1 of Primary 3 carried the market higher into October.

The Kennedy assasination apparently occurred in the Intermediate 2 correction of Primary 3. Wow!! Ya think market manipulators had something to do with the timing of that event, as they looked to overcorrect the market and shake off speculators who were loaded up long knowing the market was headed significantly higher? I agree with your suspicion that this late '63 correction was event manipulated, and was unjustifiably overdone. Proof of this was in the nature of the spike bottom and sharp rally afterwards.

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