Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Vitas who wrote (36170)	1/8/1999 1:52:00 AM
From: Bull RidaH	Read Replies (2) \| Respond to of 94695

Vitas, The example you gave from '88-'90 appears to be a much broader top formation with more bearish divergence. In our current case, we've only had one unconfirmed peak thus far, the July peak. We don't know if our current run is unconfirmed yet because it may not be finished (and i strongly believe it isn't). Thus, it still has the possibility of being confirmed. With that said, I don't think it ever will be confirmed, even if/when we see 2000 on the SPX (still looking for 1400 to 1500 minimum before this run expires in the next 3 to 6 months). Therefore, I think you may find a more accurate A/D comparison in this link: decisionpoint.com The similar locale would be the early Sept. '28 timeframe. Note how the rally continued all the way to the '29 peak unconfirmed, but was massive in nature, gaining roughly 85% AFTER the A/D line ceased confirming the rally. That would put us up near 2000 SPX / 15000 DOW when we reach our peak. Being early in this case would be worse than being late. Regards, David P.S. I see no possibility of a longterm market top before Intel reaches 165 and the IIX reaches somewhere near 1100.

To: Vitas who wrote (36170)	1/15/1999 12:18:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

HI Choped Liver , I mean Vitus; I Know you had it, but I just couldn't figure out what you were talking about, I knew you knew but I didn't understand the lingo enough to comment. The thing is our styles of reading the tea leaves are somewhat different, and that's good, particularly when they confirm one another. I remember seeing the post, and agreeing with it even though I didn't draw a line from 4/3/98 to 7/16/98 as I didn't know what a triple declining slammation pattern Was, but I knew u were right <G> On top of that I was sick from Friday till Tue..and didn't want to ask any silly questions. Jim