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Greetings Bruce,
If I understand you right your saying stocks will go up in the near future.
I find compelling evidence to suggest that a market top could be
approaching within the next 1 3/4 years. The most recent Linear Regression
Angle of increase on a monthly chart of the Dow was above 83 degrees. That
means for the market to continue to rise at the same rate it must go nearly
straight up(90 degrees). Will there be more highs, maybe. Are storm clouds
gathering, maybe. Of the stock investors on this list I haven't read that
much bearishness. In fact virtually everyone says that the market will hit
10000 which is a bad sign in and of itself. As I said in a recent post. I’m
predicting a Dow of 1 million by 2010 and I don’t think that anyone has
outbid me yet. Now when gold was $800 dollars an ounce in '79 some said it
was going to $2000. Hey, why not!
B in UD
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> From: Bruce E. Harrison <trader@xxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Business Cycle
> Date: Friday, May 01, 1998 10:27 AM
>
> Hi Realtraders,
> Ever since joining approx. 2 months ago I have been a "LURKER"(just
> reading and enjoying everones posts) and since all the FLAMING has
settled
> down I thought I would try and get a discussion going.
> I will try to make this short since I dislike long messages. I have
used
> the Business/Dow Theory cycle for many years not as a system or
methodology
> but as a road map. This past week it appears that this list has become
> extremely bearish stocks, but if one were to look at the attached gif you
> would see that T-Bills (Short term interest rates) recently peak thus
> reseting the cycle. If the democratic(not a political party) cycle is to
> live on Bonds (Long Term Interest) will peak next unconfirmed by T-Bills
> then Stocks will peak unconfirmed by T-Bills and Bonds. And Finally CRB
> will peak. Thus with TitleWaves and Titanic's Sinking the business
cycles
> are telling us stocks are going higher.
> Comments please:)
>
> Bruce Harrison
> <mailto://trader@xxxxxxxxxx>
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