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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (21505)	11/19/1998 9:14:00 AM
From: IQBAL LATIF	Respond to of 50167

Where are we heading too? Long termmmmm If you look at this chart from Jan 94 to jan 95 you see a horizontal area of consolidation-- quote.yahoo.com^SPC&d=5ym Now go back to the chart and try to see that on this 5 year charts of SPC how many distinctive areas of consolidation you can identify-- quote.yahoo.com^SPC&d=5ym You will see three clear quote.yahoo.com^SPC&d=5ym next from July 97 to Nov 97 that is from 880 -930 run quote.yahoo.com^SPC&d=5ym and the last from April 98 to Oct 98 with exception of July August run to top-- but what you can clearly see that market is on same levels as it was in April-- quote.yahoo.com^SPC&d=5ym If you disregard the July Aug Bhumbo and the Jan march Bhumbo runs you will see that once before market had kind of consolidation as we had right now from April98 to July 98 the earlier period of simlar long consolidation that is begining of the period was same as end of the period was back in Jan94 to Jan 95. Here one things needs to be clearly understood market science works on clear principles of established rules hidden to a common technician, the charts talk like humans but not with the help of a book the charts should be comparative and should withstand test of recent past, the only common thing in Jan 94 and now is that Jan 94 everyone was bearish on DOW the Funds Managers had thought market has ran ahead of itself they wanted to enter DOW after a 50 % correction that is at 250 on SPC that they never saw another interesting equivalence is that FED started to cut interest rates in that period, the rest was history, are we at a different phase, burried in these thousands of my posts is theoritical reasoning of why we are not in deflation and also why the move in yield curve will be not a move along the curve but the shifting of the entire yield curve that is appreciation of low inflationary environment we may see a new move forward as ASEA rises from slumber- I am looking at that run which in 1995 was considered as a useless futile possibility..where are we heading one needs to keep the focus right we need to interpret it right but I thought my thread readers would appreciate something to think about.. one thing unique about this present consolidation is that we had a move up to 1200 and a move down to 845- twice on SPZ on the other hand on composite look at this chart..we had a move from 2028 to 1320 a nearly 40% correction-- the composite was below its 200 days MA only during this move from Jan 94 Jan 95.. quote.yahoo.com^IXIC&d=5ym and interestingly by quite a similar margins we had some breaks of 200 days MA but not of equal significance - now add on to it 3.3% GDP growth of last quarter and liquidity and ASEA rising from shambles and you have making of something interesting here.. quote.yahoo.com^IXIC&d=5ys