[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: 1987,1929,1997 & CNBC



PureBytes Links

Trading Reference Links

Tom,

Was this in regards to any specific commodity or index?

----------
> From: Tom  Alexander <gta3@xxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: 1987,1929,1997 & CNBC
> Date: Thursday, September 11, 1997 12:44 PM
> 
> 
> 
> Well, if anyone thought they had a big secret regarding the similarities
> among the chart patterns of 1929, 1987 and 1997, it is now official that
> they don't. CNBC just reported that "traders" (whoever they may be) are
> closely watching this pattern. CNBC further reports that there is a 97%
> correlation, so far, among the patterns. Additionally, CNBC notes
"concern"
> about a possible crash at the end of September because it will mark 55
days
> from the August high.
> 
> Regards,
> 
> Tom Alexander