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

To: Bull RidaH who wrote (23250)	8/4/1998 10:11:00 PM
From: bobby beara	Respond to of 94695

>>>Using '29, '66, & '87 as a model, I fully expected a 3 to 6 month unconfirmed rally. That expectation proved to be without validity, as too many other things were and are currently opposing the theory<<<< David, there is a mean long term trendline thru the DOW and a percentage band above that, sorry I don't have the exact details in front of me. In 29 and 87 we were above that band for 3 months, we were above that band 6 months as of July. We don't need the kind of a/d divergence needed in 87 and 29. This parabola is a vertical blast-off and the complacency is confirming to me that we have more work to the downside than most are expecting. Everybody has access to these long term Dow charts but sits there with there jaw hanging loose like they are watching a sitcom. We are in the process of correcting 16 years of speculation (or could that be 67 years or 200 years.) Though I do expect some rallye in the next couple of days, though it will be a selling opp. not a buyin opp. bb wannabee sezs follow the yellow brick road