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

To: Bull RidaH who wrote (21292)	7/6/1998 11:09:00 AM
From: James F. Hopkins	Respond to of 94695

David; RE > although these type of corrections are typically preceded by a breathtaking rally, which we've really already had this year. Is there alot more breath out there to be taken though? << Yes there is an improvment in the new hi/low , and the market is liquid, mid to small caps can come up . FA is alfull, but TA says we are going up at least short term. Jim

To: Bull RidaH who wrote (21292)	7/8/1998 12:36:00 AM
From: Vitas	Read Replies (1) \| Respond to of 94695

Hi David, Now since that breakout on the first trading day of 1986 broke above the upper channel line that dates all the way back to 1789, and the price action since then shows that breakout to be quite extraordinary, might we think in terms of a grand daddy supercycle count from 1789? And not necessarily in terms of the end of a five wave count up but more like a beginning or middle of a subsequent large wave cycle? By the way, the 23 year up, 17 year down/flat cycle and the 18 2/3 year real estate cycle both seem to point to 2005 as the real end to this party (as well as demographic data pointing to the boomers working and saving/investing until they retire (a few days too late after the big kaboom, most likely). Not that we can't have some fun along the way; afterall the 1987 crash/pullback and the 1990 and 1994 bear markets occurred within the 23 year up cycle. I would love to see us set up for a triple declining summation peak pattern for a serious warning of a bear market (in the right time cycle) but we will have to see that 3rd peak rollover; the summation index may not want to neccessarily stop there. Vitas