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

To: Andeveron who wrote (26620)	9/5/1998 9:56:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

Ande, I've followed that guy, he is good at spotting coincident market peaking social trends, but lousey at technical analysis -g- If my trendline analysis is correct, the market sell-off was not a big volume capitulation bottom, but a big volume break of a long term trendline. The 1997 mini crash was a very normal .618 retracement of the move from the previous peak in a bull market (4/97 lows to 10/97 highs) with no a/d divergence. There really is no comparison, but I hear all the bulls say capitulation bottom (they said that on 8/4 and 8/11 also) just like 10/28, same price and volume data only, nothing else compares - puke! I still here million $ analysts say we can't have a bear market with low rates - puke! This week I heard Elaine G. say that low rates would support a bull in lieu of earnings - bear capitulation nonsense puke! In 73 we had the oil shock, in 1998 the shock is the collapse of the emerging economies worldwide while the 2nd largest economy teeters on the brink of a banking disaster, and the deflationery lack of pricing power shock that will hit American Corps. Look at the bank and brokerage stocks - speaking LOUDLY. It was only weeks ago that there was 55% bulls, a peak reading based on Goldilocks, where has goldilocks gone??? The wall of worry was climbed to the peak 7/20, all the bad news was ignored at every dip until we have reached a speculation bubble peak, and now that news can't be ignored as the fit is hitting the shan seems like all at one time, Clinton, Russia, latin america, SEA. In 1929 we were the greatest lending nation, in 1998 we are the world's greatest borrowing nation. Happy Lunar Eclipse -g- stockmarketcycles.com bb