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


To: HairBall who wrote (27144)9/9/1998 10:55:00 PM
From: Thomas C (Hijacked)  Respond to of 94695
 
LG, Lou Dobb's? geez and I thought I had some inside information that others were missing. Guess a few others have found the clues too.

But what I was alluding to though was this crazy price pattern similarity between 29 and 98. I have said that the price charts look strikingly similar like a million times on this thread. But recently I found a piece of evidence that sort of puts the last nail in the coffin.

I speak of the trading range we had from August 97 top to December 97 or so bottom before the new rally.

As you know in the middle of that trading range we had the 1.2 billion share reversal volume day. And lo and behold! Looking in metastock at the same trading range period in 1929 we also had a very heavy reversal volume day right smack in the middle of the trading range! This to me is the most striking evidence yet about what will soon happen.

regards,

tc

PS I think I will order the CD from the group 'Europe' "the final countdown" from Amazon.com --gggg---